Ert, Eyal; Erev, Ido - In: Journal of Economic Psychology 29 (2008) 5, pp. 715-723
Previous studies of mixed gambles (gambles that yield gains and losses) reveal mixed results. Whereas some studies show a tendency to reject highly attractive mixed gambles, other studies show indifference between mixed gambles with an expected value of 0 and the status quo. The current paper...