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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 …
Persistent link: https://www.econbiz.de/10011333268
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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 …
Persistent link: https://www.econbiz.de/10011507761
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Number Preferences in Lotteries
Wang, Tong V. - 2016
We explore people's preferences for numbers in large proprietary data sets from two different lottery games. We find …
Persistent link: https://www.econbiz.de/10013003681
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Risk Aversion and the Subjective Time Discount Rate : A Joint Approach
van Praag, B.M.S; Booij, Adam S. - 2021
In this paper we analyze a large sample of individual responses to six lottery questions. We derive a simultaneous …
Persistent link: https://www.econbiz.de/10013319984
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Risk Attitude and Market Behavior : Evidence from Experimental Asset Markets
Fellner-Röhling, Gerlinde; Maciejovsky, Boris - 2003
behavior. By analyzing 26 independent markets with a total of 280 participants we show that binary lottery choices and … certainty equivalents are poorly correlated. Only lottery choices are related to market behavior: the higher the degree of risk …
Persistent link: https://www.econbiz.de/10014087733
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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 …
Persistent link: https://www.econbiz.de/10001771963
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The Foster-Hart measure of riskiness for general gambles : conference paper
Riedel, Frank; Hellmann, Tobias - 2013
Foster and Hart proposed an operational measure of riskiness for discrete random variables. We show that their defining equation has no solution for many common continuous distributions. We show how to extend consistently the definition of riskiness to continuous random variables. For many...
Persistent link: https://www.econbiz.de/10010342818
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Do Market Participants Misprice Lottery-Type Assets? Evidence from the European Soccer Betting Market
Franke, Maximilian - 2019
This paper addresses findings from previous asset pricing research that reveal lottery-like stocks are mispriced. This … lottery-type assets on the European betting market. Compared to stock markets, betting markets offer the advantage that no … asset pricing model is necessary to test market efficiency because outcomes are observable at a terminal point. I use a …
Persistent link: https://www.econbiz.de/10012903265
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Efficiency and Equilibrium When Preferences are Time-Inconsistent
Mariotti, Thomas - 2008
-homothetic preferences, the introduction of lottery markets has an ambiguous impact on the equilibrium welfare of consumers at the initial …
Persistent link: https://www.econbiz.de/10012771131
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Do Bets Reveal Beliefs?
Baccelli, Jean - 2017
This paper examines the preference-based approach to the identification of beliefs. It focuses on the main problem to which this approach is exposed, namely that of state-dependent utility. First, the problem is illustrated in full detail. Four types of state-dependent utility issues are...
Persistent link: https://www.econbiz.de/10012967865