Article ID Journal Published Year Pages File Type
5059701 Economics Letters 2012 4 Pages PDF
Abstract
► We find that risk attitudes react only slightly to small stake variations of ±20%. ► Such reactions show up mostly in utility functions. ► Variations of around 50% begin to show up also in probability weighting. ► This is important for comparative studies of risk attitudes.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Moderate stake variations for risk and uncertainty, gains and losses: Methodological implications for comparative studies
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