Risk aversion in experiments: An introduction

Attitudes to risk play a central role in economics. Policy makers should know them in order to judge the certainty equivalent of the effects of policy on individuals. What might look like a policy improvement when judged by the average impact could easily entail a welfare loss for risk averse individuals if the variance of expected impacts is wide compared to the alternatives.

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Year of publication:	2008
Authors:	Cox, James C. ; Harrison, Glenn W.
Subject:	Experiment \| Risikoaversion \| Risk aversion \| Entscheidung unter Risiko \| Decision under risk

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/S0193-2306(08)00001-X [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015383790