Risk attitudes over small and large stakes recalibrated
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DOI: 10.1016/j.econlet.2019.108899
Abstract: Abstract In this paper I provide bounds on the marginal rate of substitution between losing $x and winning $y, starting from wealth level $w, for a risk averse individual that rejects a small stake gamble… read more here.
Keywords: attitudes small; risk; stakes recalibrated; large stakes ... See more keywords