Lattimore, Pamela K.; Baker, Joanna R.; Witte, A. Dryden - National Bureau of Economic Research (NBER) - 1992
The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a result of empirical evidence which suggests that individuals do not behave in a manner consistent with the prescriptive tenets of EUT. In this paper, we explore the influence of...
