Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/61759
Authors: 
Eichberger, Jürgen
Güth, Werner
Müller, Wieland
Year of Publication: 
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
JEL: 
C9
D8
D9
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
192.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.