Schechter, Laura - In: Journal of Risk and Uncertainty 35 (2007) 1, pp. 67-76
Rabin (Econometrica 68(5):1281–1292, <CitationRef CitationID="CR19">2000</CitationRef>) argues that, under expected-utility, observed risk aversion over modest stakes implies extremely high risk aversion over large stakes. Cox and Sadiraj (Games Econom. Behav. 56(1):45–60, <CitationRef CitationID="CR5">2006</CitationRef>) have replied that this is a problem of expected-utility...</citationref></citationref>
