Brunner, Tobias; Levinsky, Rene; Qiu, Jianying - In: The European Journal of Finance 17 (2011) 7, pp. 525-538
In this paper, we experimentally test skewness preferences at the individual level. Several prospects that can be … find that the skewness of a distribution has a significant impact on the decisions. Yet, while skewness has an impact, its … skewness and 10% seem to avoid skewness (at 5% level). On the level of individual decisions we find that the variances of the …