Download This PaperAn Experimental Test of a Search Model Under Ambiguity
13 Pages Posted: 15 Feb 2014
Abstract
This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search behavior in a finite-horizon sequential search model. In so doing, we employ a new approach to observe the potential trend of reservation points that is usually unobserved. We observe a significant dip in a trend of reservation points when subjects are faced with ambiguity over wage distributions.
Keywords: experiment, search model, ambiguity, reservation wage
JEL Classification: C91, D81
Suggested Citation: Suggested Citation
Asano, Takao and Okudaira, Hiroko and Sasaki, Masaru, An Experimental Test of a Search Model Under Ambiguity. IZA Discussion Paper No. 7933, Available at SSRN: https://ssrn.com/abstract=2396428 or http://dx.doi.org/10.2139/ssrn.2396428
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