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Risk aversion in the large and in the small

  • Haug, Jørgen
  • Hens, Thorsten
  • Woehrmann, Peter
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    Estimates of agents’ risk aversion differ between market studies and experimental studies. We demonstrate that these estimates can be reconciled through consistent treatment of agents’ propensity for narrow framing.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0165176512006039
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    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 118 (2013)
    Issue (Month): 2 ()
    Pages: 310-313

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    Handle: RePEc:eee:ecolet:v:118:y:2013:i:2:p:310-313
    Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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