Measuring risk aversion and the wealth effect

Measuring risk aversion is sensitive to assumptions about the wealth in subjects’ utility functions. Data from the same subjects in low- and high-stake lottery decisions allow estimating the wealth in a pre-specified one-parameter utility function simultaneously with risk aversion. This paper first...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Heinemann, Frank
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	ECONOMICS
Online-Zugang:	Volltext
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