Booij, Adam S.; Praag, Bernard M. S. van; Kuilen, Gijs … - 2009
be linked to the obtained preference parameters to shed light on how the
various components of risk attitudes vary in … involved. Also, we chose the common Fechner structure over a
random preference specification or a “trembling hand …
heterogeneity can be implemented, however, by parameterizing the preference
parameters
()
,,, , , ,α βλδ γ δ γ
++−−′
=φ by a …