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Title:Dynamic decision structure and risk taking PDF Logo
Authors:Eichberger, Jürgen
Güth, Werner
Müller, Wieland
Issue Date:1999
Series/Report no.:Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 1999,95
Abstract:This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and the expected value of a lottery or by preferences over mean-preserving spreads.
Subjects:Dynamic decisions
risk taking behaviour
decision-making experiments
Persistent Identifier of the first edition:urn:nbn:de:kobv:11-10046837
Document Type:Working Paper
Appears in Collections:Discussion Papers, SFB 373, HU Berlin

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