Rutström, Eva Elisabet; Harrison, Glenn W.; Fountain, John - 2007
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A. The Basic Idea .......................................................... -5-
B. Correcting for Risk Aversion … of the type of calibration required for risk aversion or probability weighting.
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This corresponds to the “no stakes … weighting of the subject.
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B. Correcting for Risk Aversion
Consider a subject who is risk averse, again holding a subjective …