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Measuring Risk Attitudes in a Natural Experiment: Data from The Television Game Show LINGO

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Listed:
  • Beetsma, R.M.W.J.
  • Schotman, P.C.

Abstract

We use data from a television game show involving elementary lotteries and sSubstantial prize money as a natural experiment to measure risk attitudes.We find robust evidence of substantial risk aversion.

Suggested Citation

  • Beetsma, R.M.W.J. & Schotman, P.C., 1998. "Measuring Risk Attitudes in a Natural Experiment: Data from The Television Game Show LINGO," Papers 98-48, Southern California - School of Business Administration.
    • Handle: RePEc:fth:socabu:98-48
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    More about this item

    Keywords

    RISK ; DECISION MAKING ; EXPERIMENTS;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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