When a risky prospect is valued more than its best possible outcome
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- Andreas C. Drichoutis & Rodolfo M. Nayga & Jayson L. Lusk & Panagiotis Lazaridis, 2012. "When a risky prospect is valued more than its best possible outcome," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 7(1), pages 1-18, January.
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More about this item
Keywordslottery; risk; competitiveness; Vickrey auctions;
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-03 (All new papers)
- NEP-CBE-2009-10-03 (Cognitive & Behavioural Economics)
- NEP-EXP-2009-10-03 (Experimental Economics)
- NEP-UPT-2009-10-03 (Utility Models & Prospect Theory)
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