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Measuring the time stability of Prospect Theory preferences

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  • Stefan Zeisberger
  • Dennis Vrecko
  • Thomas Langer

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  • Stefan Zeisberger & Dennis Vrecko & Thomas Langer, 2012. "Measuring the time stability of Prospect Theory preferences," Theory and Decision, Springer, vol. 72(3), pages 359-386, March.
    • Handle: RePEc:kap:theord:v:72:y:2012:i:3:p:359-386
    DOI: 10.1007/s11238-010-9234-3
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    33. Markus K. Brunnermeier & Stefan Nagel, 2008. "Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-evidence on Individuals," American Economic Review, American Economic Association, vol. 98(3), pages 713-736, June.
    34. Pavlo Blavatskyy, 2006. "Error Propagation in the Elicitation of Utility and Probability Weighting Functions," Theory and Decision, Springer, vol. 60(2), pages 315-334, May.
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    More about this item

    Keywords

    Prospect Theory; Time stability; Risk preferences; Experimental economics; D81; C91;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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