Cox, James; Sadiraj, Vjollca; Vogt, Bodo; Dasgupta, Utteeyo - In: Economic Theory 54 (2013) 2, pp. 305-333
Can any prominent theory of decision under risk rationalize both small-stakes risk aversion and large-stakes risk aversion? Do some prominent theories fail to rationalize patterns of same-stakes risk aversion? How do reference payoffs enter in the answer to these questions? What would be the...