TY  - RPRT
        AU  - Asano, Takao
AU  - Okudaira, Hiroko
AU  - Sasaki, Masaru
        TI  - An Experimental Test of a Search Model under Ambiguity
        PY  - 2014/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7933
        UR  - https://www.iza.org/publications/dp7933
        AB  - 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.
        KW  - experiment
KW  - search model
KW  - ambiguity
KW  - reservation wage
        ER  -