Harbaugh, WilliamT; Krause, Kate; Vesterlund, Lise - In: Economic Journal 120 (2010) 545, pp. 595-611
We examine the robustness of the fourfold pattern of risk attitudes under two elicitation procedures. We find that individuals are, on average, risk-seeking over low-probability gains and high-probability losses and risk-averse over high-probability gains and low-probability losses when we...