Attanasi, Giuseppe; Gollier, Christian; Montesano, Aldo; … - 2012
% of classified subjects behave according to the KMM model in all tasks 6-10, independent of their degree of risk aversion …. We check our theoretical predictions through a 10-task laboratory experiment. In (unambiguous) tasks 1-5, we elicit risk … aversion both through a portfolio choice method and through a BDM mechanism. In (ambiguous) tasks 6-10, we elicit choice …