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Persistent link: https://www.econbiz.de/10003740566
We examine the risky choices of contestants in the popular TV game show quot;Deal or No Dealquot; and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk...
Persistent link: https://www.econbiz.de/10012755728
Persistent link: https://www.econbiz.de/10007989927
We examine the risky choices of contestants in the popular TV game show "Deal or No Deal" and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10005761458