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Preference reversals and the analysis of income distributions
Amiel, Yoram; Cowell, Frank; Davidovitz, Leima; … - London School of Economics (LSE) - 2003
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high winnings. We investigate whether a similar phenomenon applies in the...
Persistent link: https://www.econbiz.de/10010928778
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Choices in egalitarian distribution: inequality aversion versus risk aversion
Kroll, Yoram; Davidovitz, Leima - London School of Economics (LSE) - 1999
alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research …
Persistent link: https://www.econbiz.de/10010746509