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Reaction to uncertainty and market mechanism : experimental evidence

Maffioletti, Anna (contributor); … - 2001

Persistent link: https://www.econbiz.de/10013443076

Quality ambiguity and the market mechanism for credence goods

Benner, Dietrich (contributor) - 2004

post -. Trust has to replace own examination and verification. Applying Choquet-Expected Utility theory, a general model of …

Persistent link: https://www.econbiz.de/10011342061

Risk aversion and the subjective time discount rate : a joint approach

Praag, Bernard M. S. van; Booij, Adam S. - 2003

In this paper we analyze a large sample of individual responses to six lottery questions. Wederive a simultaneous estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of a large prize is smoothed over a largertime period. It...

Persistent link: https://www.econbiz.de/10011333268

Risk aversion and the subjective time discount rate : a joint approach

Praag, Bernard M. S. van; Booij, Adam S. - 2003

In this paper we analyze a large sample of individual responses to six lottery questions. We derive a simultaneous estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a large prize is smoothed over a larger time period. It...

Persistent link: https://www.econbiz.de/10011507761

Ever since Allais

Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021

Persistent link: https://www.econbiz.de/10012821448

Ever since Allais

Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021

The Allais critique of expected utility theory (EUT) has led to the development of theories of choice under risk that … labora-tory experiments designed to test independence, our experiment systematically tests the entire set of axioms …

Persistent link: https://www.econbiz.de/10012583551