Ortmann, Andreas; Prokosheva, Alexandra; Rydval, Ondrej; … - Wirtschaftswissenschaftliche Fakultät, … - 2007
Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries’ worst outcomes. We show how to undo this result.