Pacheco, Luís; Lobão, Júlio; Coelho, Sílvia - In: Games 14 (2023) 3, pp. 1-16
The theoretical literature on risk aversion and Expected Utility Theory is extensive; however, the analysis of this … version of the TV game show The Price is Right, namely from The Wheel game, to explore risk aversion as well as the impact of … of rational decision theory. The objective is to infer the risk aversion levels of decision-makers from their choice to …