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the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction …
Persistent link: https://www.econbiz.de/10009615428
Experimental studies of risk and time-preference typically focus on one of the two phenomena. The goal of this paper is to investigate the (possible) correlation between subjects' attitude to risk and their time-preference. For this sake we ask 61 subjects to price a simple lottery in 3...
Persistent link: https://www.econbiz.de/10009581107