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We use a two-person linear voluntary contribution mechanism with stochastic marginal benefits from the public good to examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of several risky prospects are elicited via a...
Persistent link: https://www.econbiz.de/10005866650
measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss …
Persistent link: https://www.econbiz.de/10005866644