Hopland, Arnt O.; Matsen, Egil; Strøm, Bjarne - Institutt for Samfunnsøkonomi, Norges … - 2013
This paper studies the relationship between income and risky choice in a field ex- periment where stakes are of first-orderimportance to the subjects' living standards. We combine observations of stopping decisions in a Norwegian game show with reliable data on each subject's income....