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Time instead of Money - Decision Making under Uncertainty of Time

  • Co-Author:Prof. Timo Heinrich (Hamburg University of Technology)
  • Keywords: Experiment, Decision Making, Uncertainty, Time

Project Details

Time can play a significant role in various areas such as production planning, medicine, and transportation. In this project we focus on understanding how individuals respond to uncertain time situations. We conduct both virtual laboratory experiments and representative surveys to examine people's preferences and behaviors in different scenarios. Our objective is to establish a connection between individuals' overall time risk preferences and their specific behaviors in sectors like finance, transportation, project management, and healthcare.