van Dolder, Dennie
(2017).
Risky choice in the limelight, experimental data.
[Data Collection]. Colchester, Essex:
UK Data Archive.
10.5255/UKDA-SN-852883
This network project brings together economists, psychologists, computer and complexity scientists from three leading centres for behavioural social science at Nottingham, Warwick and UEA. This group will lead a research programme with two broad objectives: to develop and test cross-disciplinary models of human behaviour and behaviour change; to draw out their implications for the formulation and evaluation of public policy.
Foundational research will focus on three inter-related themes: understanding individual behaviour and behaviour change; understanding social and interactive behaviour; rethinking the foundations of policy analysis.
The project will explore implications of the basic science for policy via a series of applied projects connecting naturally with the three themes. These will include: the determinants of consumer credit behaviour; the formation of social values; strategies for evaluation of policies affecting health and safety.
The research will integrate theoretical perspectives from multiple disciplines and utilise a wide range of complementary methodologies including: theoretical modeling of individuals, groups and complex systems; conceptual analysis; lab and field experiments; analysis of large data sets.
The Network will promote high quality cross-disciplinary research and serve as a policy forum for understanding behaviour and behaviour change.
Data description (abstract)
This paper examines how risk behavior in the limelight differs
from that in anonymity. In two separate experiments, we find that subjects are more risk averse in the limelight. However, risky choices are similarly path dependent in the different treatments.
| Data creators: |
| Creator Name |
Affiliation |
ORCID (as URL) |
| van Dolder Dennie |
University of Nottingham |
|
|
| Contributors: |
| Name |
Affiliation |
ORCID (as URL) |
| Baltussen Guido |
Erasmus University Rotterdam |
|
| van den Assem Martijn J |
VU University Amsterdam |
|
|
| Sponsors: |
Economic and Social Research Council
|
| Grant reference: |
ES/K002201/1
|
| Topic classification: |
Economics
|
| Keywords: |
choice, decision-making
|
| Project title: |
Network for Integrated Behavioural Science
|
| Grant holders: |
Chris Starmer, Daniel John Zizzo, Nick Chater, Gordon Brown, Anders Poulsen, Martin Sefton, Neil Stewart, Uwe Aickelin, Robert Sugden, John Gathergood, Abigail Barr, Graham Loomes, Daniel Read, Robin Cubitt, Robert MacKay, Enrique Fatas, Shaun Hargreaves-Heap, Simon Gaechter, Theodore Turocy
|
| Project dates: |
| From | To |
|---|
| 31 December 2012 | 30 September 2017 |
|
| Date published: |
30 Nov 2017 16:31
|
| Last modified: |
30 Nov 2017 16:31
|
| Collection period: |
| Date from: | Date to: |
|---|
| 31 December 2012 | 30 September 2017 |
|
| Country: |
United Kingdom |
| Data collection method: |
Experimental data. Under both limelight and anonymous laboratory conditions, a simple prospect theory model with a path-dependent reference point provides a better explanation for subjects’ behavior than a flexible specification of expected utility theory. In addition, our findings suggest that ambiguity aversion depends on being in the limelight, that passive experience has little effect on risk taking, and that reference points are determined by imperfectly updated expectations. |
| Observation unit: |
Individual |
| Kind of data: |
Numeric |
| Type of data: |
Experimental data
|
| Resource language: |
English |
|
| Rights owners: |
| Name |
Affiliation |
ORCID (as URL) |
| van Dolder Dennie |
University of Nottingham |
|
|
| Contact: |
| Name | Email | Affiliation | ORCID (as URL) |
|---|
| van Dolder, Dennie | d.van.dolder@vu.nl | VU University Amsterdam | Unspecified |
|
| Notes on access: |
The Data Collection is available from an external repository. Access is available via Related Resources.
|
| Publisher: |
UK Data Archive
|
| Last modified: |
30 Nov 2017 16:31
|
|
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