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12 Ergebnisse, ab 11
Diskussionspapiere 1337 / 2013

Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or

2013| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker, Christian Zankiewicz
Diskussionspapiere 1238 / 2012

Hidden Skewness

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. A simple laboratory experiment shows that participants either strongly underestimate skewness or ignore it completely. The participants' .

2012| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker
12 Ergebnisse, ab 11