Barseghyan, Levon; Molinari, Francesca; Thirkettle, Matthew - 2019
consideration sets (the collection of alternatives considered by DMs) and unobserved heterogeneity in standard risk aversion. In … in risk preferences and by different sets of alternatives considered. We obtain sufficient conditions for … strongly risk averse, they consider lower coverages more frequently than higher coverages. Finally, we estimate the monetary …