Mansour, Selima; Jouini, Elyès; Napp, Clotilde - In: Theory and Decision 61 (2006) 4, pp. 345-362
It is an important issue for economic and finance applications to determine whether individuals exhibit a behavioral bias toward pessimism in their beliefs, in a lottery or more generally in an investment opportunities framework. In this paper, we analyze the answers of a sample of 1,540...
