Karni, Edi - In: Economic Theory 53 (2013) 2, pp. 335-356
This paper extends the work of Karni (Econ Theory 48:125–146, <CitationRef CitationID="CR3">2011</CitationRef>) to allow for the possibility that decision makers’ effect-dependent risk attitudes are also affected by their actions. This extension is essential for modeling decision situations in which actions have a monetary dimension...</citationref>