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The Ratio Bias Phenomenon : Fact or Artifact ?
Lefebvre, Mathieu; Vieider, Ferdinand; Villeval, … - HAL - 2011
The ratio bias––according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers––has recently gained momentum, with researchers especially in health economics...
Persistent link: https://www.econbiz.de/10008790744
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Incentive Effects on Risk Attitude in Small Probability Prospects
Lefebvre, Mathieu; Vieider, Ferdinand; Villeval, … - HAL - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008791266
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Incentive Effects on Risk Attitude in Small Probability Prospects
Lefebvre, Mathieu; Vieider, Ferdinand; Villeval, Marie … - HAL - 2010
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008791715