The Virtual Bingo Blower: An opensource tool to generate ambiguity and risk in experiments

Sammanfattning We propose the Virtual Bingo Blower (VBB) as a way to generatecredible risk and ambiguity in computerized experiments. Using aphysics engine—a computer simulation of a physical system—the VBBsimulates a conventional bingo blower. Different aspects of the VBB,such as the number of balls, their color, and their speed, can be easilymodified. In an online experiment, we measure ambiguity attitudes andvary the source of ambiguity, using either the VBB or natural events.We find that the VBB and natural events result in a similar degree ofambiguity aversion. Further, we find that, by manipulating the numberof balls, the VBB can be used to manipulate the perceived level ofambiguity. OriginalspråkengelskaAntal sidor33StatusPublished - 2024 sep.PublikationsserierNamnWorking PapersFörlagLund University, Department of EconomicsNr.2024:8 Ämnesklassifikation (UKÄ)Nationalekonomi Tillgång till dokument No 2024:8 The Virtual Bingo Blower: An opensource tool to generate ambiguity and ris...