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Risk Aversion when Gains are Likely and Unlikely: Evidence from a Natural Experiment with Large Stakes

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Author Info
Pavlo Blavatskyy ()
Ganna Pogrebna ()
Abstract

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File URL: http://hdl.handle.net/10.1007/s11238-007-9056-0
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Publisher Info
Article provided by Springer in its journal Theory and Decision.

Volume (Year): 64 (2008)
Issue (Month): 2 (March)
Pages: 395-420
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:theord:v:64:y:2008:i:2:p:395-420

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Web page: http://www.springerlink.com/link.asp?id=100341

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: risk attitude; risk aversion; risk seeking; natural experiment; C93; D81;

References listed on IDEAS
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  1. Tversky, Amos & Kahneman, Daniel, 1992. " Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
  2. Levitt, Steven D, 2004. "Testing Theories of Discrimination: Evidence from Weakest Link," Journal of Law & Economics, University of Chicago Press, vol. 47(2), pages 431-52, October.
    Other versions:
  3. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56, pages 279. [Downloadable!] (restricted)
  4. Donkers, Bas & Melenberg, Bertrand & Van Soest, Arthur, 2001. " Estimating Risk Attitudes Using Lotteries: A Large Sample Approach," Journal of Risk and Uncertainty, Springer, vol. 22(2), pages 165-95, March. [Downloadable!] (restricted)
    Other versions:
  5. Carmela Di Mauro & Anna Maffioletti, 2004. "Attitudes to risk and attitudes to uncertainty: experimental evidence," Applied Economics, Taylor and Francis Journals, vol. 36(4), pages 357-372, March. [Downloadable!] (restricted)
  6. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  7. Beetsma, Roel M W J & Schotman, Peter C, 2001. "Measuring Risk Attitudes in a Natural Experiment: Data from the Television Game Show Lingo," Economic Journal, Royal Economic Society, vol. 111(474), pages 821-48, October. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-11-8.


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