Cerroni, Simone; Notaro, Sandra; Shaw, W. Douglass - Dipartimento di Economia e Management, Università … - 2011
Using a laboratory experiment, we investigate the validity of stated risks elicited via the Exchangeability Method (EM) by defining a valuation method based on de Finetti’s notion of coherence. The reliability of risk estimates elicited through the EM has been theoretically questioned because...