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Risk aversion and expected-utility theory: A calibration exercise
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>
Persistent link: https://www.econbiz.de/10005809685
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Reflections on gains and losses: A 2 × 2 × 7 experiment
Bosch-Domènech, Antoni; Silvestre, Joaquim - In: Journal of Risk and Uncertainty 33 (2006) 3, pp. 217-235
comparable magnitude, a result that is equidistant from the diverging two popular views inspired by Prospect Theory: the gain …
Persistent link: https://www.econbiz.de/10005678130
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Eliciting risk preferences: When is simple better?
Dave, Chetan; Eckel, Catherine; Johnson, Cathleen; … - In: Journal of Risk and Uncertainty 41 (2010) 3, pp. 219-243
Persistent link: https://www.econbiz.de/10008776407