Gollier, Christian; Hilton, Denis; Raufaste, Eric - In: Revue d'économie politique 113 (2003) 3, pp. 295-307
The work of Kahneman, Tversky and other psychologists has called the classical model of homo ?conomicus into question. Many studies conducted in psychology and economics have shown that classical economic expected utility theory does not satisfactorily describe human behaviour under risk. We...