Small stakes risk aversion in the laboratory: A reconsideration
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DOI: 10.1016/j.econlet.2017.08.003
Abstract: Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible levels of risk aversion over large stakes under certain assumptions. One core assumption in statements of this calibration puzzle is… read more here.
Keywords: aversion laboratory; small stakes; risk; risk aversion ... See more keywords