Valuing a Risky Prospect Less than its Worst Outcome : Uncertainty Effect or Task Ambiguity?
| Year of publication: |
2009
|
|---|---|
| Authors: | Ortmann, Andreas ; Prokosheva, Alexandra ; Rydval, Ondřej ; Hertwig, Ralph |
| Publisher: |
[S.l.] : SSRN |
| Subject: | Entscheidung unter Risiko | Decision under risk | Experiment | Prospect Theory | Prospect theory | Risiko | Risk |
| Description of contents: |
Gneezy, List and Wu [Quarterly Journal of Economics, Vol. 121, pp. 1283-1309, 2006] document that lotteries are often valued less than the lotteries’ worst outcomes. We show how to undo this result
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freely available