Loomes, Graham; Pogrebna, Ganna - In: Journal of Risk and Uncertainty 49 (2014) 3, pp. 189-211
<Para ID="Par1">We propose a broad framework for individual choice under risk which can accommodate many stochastic formulations of various deterministic theories. Using this framework to guide an experimental design, we show that most individuals’ departures from the independence axiom cannot be explained by...</para>