Angerer, Silvia; Dutcher, E. Glenn; Glätzle-Rützler, … - 2021
experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a … was played more than three years after the first lottery. So, small-scale, random, events affect the formation of risk …