Risk taking with background risk under recursive rank-dependent utility
نویسندگان
چکیده
منابع مشابه
Risk taking with background risk under recursive rank-dependent utility
Evidence from both the lab and eld suggest that the presence of background risk increases a decision-maker's risk aversion. Evidence from the lab suggests that behaviour deviates from expected utility, however, existing analyses of non-expected utility theories suggest many such theories cannot accommodate both ndings. Additionally motivated by evidence that people fail to reduce compound lotte...
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ژورنال
عنوان ژورنال: Mathematical Social Sciences
سال: 2017
ISSN: 0165-4896
DOI: 10.1016/j.mathsocsci.2017.03.003