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The risky investment game of Gneezy and Potters (1997) has been a popular tool used to estimate risk tolerance and myopic loss aversion. Holden and Tilahun (2021) tested and found that the simple one-shot version of this game that is attractive as a simple tool to elicit risk tolerance among...
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experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …
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