Narrow search
Showing 1 - 10 of 74
Cover Image
Delay aversion under a general class of preferences
Mutlu, Gulseren - In: Economics letters 121 (2013) 2, pp. 306-310
Persistent link: https://www.econbiz.de/10010347108
Cover Image
Risk Preferences Are Not Time Preferences : Discounted Expected Utility with a Disproportionate Preference for Certainty
Andreoni, James - 2010
Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility … robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …
Persistent link: https://www.econbiz.de/10012462308
Cover Image
Cognitive Imprecision and Stake-Dependent Risk Attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - National Bureau of Economic Research - 2022
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on the magnitude and sign of the relative risk premium,...
Persistent link: https://www.econbiz.de/10013388772
Cover Image
The utility of infinite menus
Nielsen, Lars Tyge - In: Economics letters 39 (1992) 1, pp. 43-47
Persistent link: https://www.econbiz.de/10001129236
Cover Image
Duality between discounted and undiscounted models of optimal growth for a class of utility functions
Joshi, Sumit - In: Economics letters 44 (1994) 4, pp. 403-406
Persistent link: https://www.econbiz.de/10001164002
Cover Image
Portfolio choice with non-expected utility in continuous time
Svensson, Lars E. O. - In: Economics letters 30 (1989) 4, pp. 313-317
Persistent link: https://www.econbiz.de/10001075254
Cover Image
The excess utility functions and the welfare adjustment process
Serra, Pablo J. - In: Economics letters 1 (1988), pp. 1-5
Persistent link: https://www.econbiz.de/10001042741
Cover Image
Are CEOs Expected Utility Maximizers?
List, John - 2009
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative … utility maximization paradigm literally the only game in town. In this study, we advance the literature by exploring CEO … that both our CEO and student subject pools exhibit frequent and large departures from expected utility theory. In addition …
Persistent link: https://www.econbiz.de/10012463196
Cover Image
Measuring the Output and Prices of the Lottery Sector : An Application of Implicit Expected Utility Theory
Yu, Kam - 2008
Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed …. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric …
Persistent link: https://www.econbiz.de/10012464626
Cover Image
Pure rank preferences and variation in risk-taking behavior
Stark, Oded; Budziński, Wiktor; Jakubek, Marcin - In: Economics letters 184 (2019), pp. 1-3
Persistent link: https://www.econbiz.de/10012304788