Dynamic decision structure and risk taking

This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and the expected value of a lottery or by preferences over mean-preserving spreads.

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Year of publication:	1999
Authors:	Eichberger, Jürgen ; Güth, Werner ; Müller, Wieland
Publisher:	Berlin : Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Subject:	Dynamic decisions \| risk taking behaviour \| decision-making experiments

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Series:	SFB 373 Discussion Paper ; 1999,95
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	722915047 [GVK] hdl:10419/61759 [Handle] RePEc:zbw:sfb373:199995 [RePEc]
Classification:	C9 - Design of Experiments ; D8 - Information and Uncertainty ; D9 - Intertemporal Choice and Growth
Source:	EconStor

Persistent link: https://www.econbiz.de/10010310036