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Subjective evaluation of delayed risky outcomes for buying and selling positions: the behavioral approach

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  • Uri Benzion
  • Jan Krahnen
  • Tal Shavit

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Suggested Citation

  • Uri Benzion & Jan Krahnen & Tal Shavit, 2011. "Subjective evaluation of delayed risky outcomes for buying and selling positions: the behavioral approach," Annals of Finance, Springer, vol. 7(2), pages 247-265, May.
    • Handle: RePEc:kap:annfin:v:7:y:2011:i:2:p:247-265
    DOI: 10.1007/s10436-010-0172-4
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    References listed on IDEAS

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    3. Jacco Thijssen, 2010. "Irreversible investment and discounting: an arbitrage pricing approach," Annals of Finance, Springer, vol. 6(3), pages 295-315, July.
    4. Keren, Gideon & Roelofsma, Peter, 1995. "Immediacy and Certainty in Intertemporal Choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 63(3), pages 287-297, September.
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    15. Jürgen Eichberger & Werner Güth & Wieland Müller, 2003. "Attitudes Towards Risk: An Experiment," Metroeconomica, Wiley Blackwell, vol. 54(1), pages 89-124, February.
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    More about this item

    Keywords

    Willingness to accept (WTA); Willingness to pay (WTP); Intertemporal choice; Decision-making; Risk; Time discounting; C91; E43;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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