Separating attitudes towards money from attitudes towards probabilities: Stake effects and ambiguity as a test for prospect theory
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- Olivier L'Haridon & Craig S. Webb & Horst Zank, 2021. "An Effective and Simple Tool for Measuring Loss Aversion," Economics Discussion Paper Series 2107, Economics, The University of Manchester.
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More about this item
Keywords
prospect theory; value functions; probability weighting; risk attitudes; ambiguity aversion; modeling of preferences;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2013-10-18 (Cognitive and Behavioural Economics)
- NEP-EXP-2013-10-18 (Experimental Economics)
- NEP-UPT-2013-10-18 (Utility Models and Prospect Theory)
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