Resource title

A note on skewness seeking: an experimental analysis

Resource image

image for OpenScout resource :: A note on skewness seeking: an experimental analysis

Resource description

In this paper we experimentally test skewness seeking at the individual level. Several prospects that can be ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We ¯nd that the skewness of a distribution has a signi¯cant impact on the decisions. Yet, while skewness has an impact, its direction di®ers substantially across subjects: 39% of our subjects act in accordance with skewness seeking and 10% seem to avoid skewness. On the level of individual decisions we ¯nd that the variance of the prospects and subjects' experience increase the probability of their choosing the lottery with greater skewness.

Resource author

Tobias Brünner, René Levínský, Jianying Qiu

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25669

Resource license

Adapt according to the presented license agreement and reference the original author.