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characterization of human decision making in policy circles is a rational economic one. Reliance on the assumptions of rational choice … complete and more fully descriptive understanding of decision processes provide powerful tools for policy design that …
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characterization of human decision making in policy circles is a rational economic one. Reliance on the assumptions of rational choice … complete and more fully descriptive understanding of decision processes provide powerful tools for policy design that …
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characterization of human decision making in policy circles is a rational economic one. Reliance on the assumptions of rational choice … complete and more fully descriptive understanding of decision processes provide powerful tools for policy design that …
Persistent link: https://www.econbiz.de/10012557121
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...
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