Hartley, Roger; Lanot, Gauthier; Walker, Ian - In: Journal of Applied Econometrics 29 (2014) 6, pp. 861-879
SUMMARY This paper estimates the degree of risk aversion from one of the most popular TV gameshows ever. The format of the show is straightforward; it involves no strategic decision making; we have a large number of observations; and the prizes are cash, which is paid immediately and covers a...