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The biological basis of expected utility anomalies

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Author Info
Matsushita, Raul
Baldo, Dinora
Martin, Bruna
Da Silva, Sergio

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Abstract

We assess the biological basis of expected utility anomalies through an experiment of the Allais paradox. A questionnaire study of 120 subjects replicates the anomalies and further gathers information about the respondents’ bio-characteristics, such as gender, age, parenthood, handedness, second to fourth digit ratio, current emotional state, past negative experiences, and religiousness. We find that some of those bio-characteristics matter for the anomalies.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4520.

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Date of creation: 17 Aug 2007
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Handle: RePEc:pra:mprapa:4520

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Related research
Keywords: expected utility anomalies; risky choice; Allais paradox; experimental economics;

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Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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