Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - Institute for the Study of Labor (IZA) - 2009
predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …