Browsing Department of Economics (ECO) by Author "RAUCHS, Alexandra"
Title:Experimental Evidence on the Irreversibility Effect Author(s):RAUCHS, Alexandra; WILLINGER, MarcDate:1996Citation:Theory And Decision, 1996, 40, 1, 51-78Type of Publication:ArticleAbstract:This paper presents the results of an experimental investigation on how increased expected information affects subjects' choices. We show that Claude Henry's (1974) result (the ''Irreversibility Effect'') is strongly ...
Title:Experiments on Sequential Decision-Making: the ''Irreversibility Effect'' Author(s):RAUCHS, Alexandra; WILLINGER, MarcDate:1996Citation:Revue Economique, 1996, 47, 1, 51-71Type of Publication:ArticleAbstract:The Irreversibility Effect (IE) predicts that an expected utility maximizer who expects to obtain additional information before his future choices, will choose a ''more flexible'' (or ''less irreversible'') position in the ...
Title:Option value and irreversibility effect : an experimental approach Author(s):RAUCHS, AlexandraDate:1995Citation:Florence, European University Institute, 1995Type of Publication:ThesisSeries/Report no.:EUI PhD theses; Department of Economics