Cappelen, Alexander W.; Kariv, Shachar; Sørensen, Erik Ø. - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2014
We report an experimental test of the four touchstones of rationality in choice under risk – utility maximization …, stochastic dominance, expected-utility maximization and small-stakes risk neutrality – with students from one of the best … political affairs. We find very small or no significant differences between the two samples in the degree of rationality …