low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and … the expected value of a lottery or by preferences over mean-preserving spreads. -- Dynamic decisions ; risk taking …

know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who … assumed risk neutrality throughout. With the help of these results evolutionary processes are formulated according to which …

of boundedly rational individuals. In view of such a causal role of theories we discuss how advice of a theory of …

setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …