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• W3095089400 abstract "Abstract Higher-order risk preferences are important determinants of economic behavior. We apply insights from behavioral economics: we measure higher-order risk preferences for pure gains and losses. We find a reflection effect not only for second-order risk preferences, as did Kahneman and Tversky (1979), but also for higher-order risk preferences: we find risk aversion, prudence and intemperance for gains and much more risk-loving preferences, imprudence and temperance for losses. These findings are at odds with a universal preference for combining good with bad or good with good, which previous results suggest may underlie higher-order risk preferences." @default.
• W3095089400 created "2020-11-09" @default.
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• W3095089400 date "2022-07-01" @default.
• W3095089400 modified "2023-09-25" @default.
• W3095089400 title "The Reflection Effect for Higher-Order Risk Preferences" @default.
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• W3095089400 doi "https://doi.org/10.1162/rest_a_00980" @default.
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