Changing the probability versus changing the reward
نویسندگان
چکیده
منابع مشابه
Changing the Probability versus Changing the Reward
There are two means of changing the expected value of a risk: changing the probability of a reward or changing the reward. Theoretically, the former produces a greater change in expected utility for risk averse agents. This paper uses two formats of a risk preference elicitation mechanism under two decision frames to test this hypothesis. After controlling for decision error, probability weight...
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ژورنال
عنوان ژورنال: Experimental Economics
سال: 2009
ISSN: 1386-4157,1573-6938
DOI: 10.1007/s10683-009-9219-7