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- W3123432504 abstract "The evaluations of a repeated lottery with and without the option to sell the second-stage lottery are compared theoretically and experimentally. Comparing individuals' risk attitudes, we find that risk attitudes differ depending on the measure of risk attitude applied. We also find that subjects show low or no risk aversion, but put very high value on the opportunity to sell the lottery in the second stage of the decision problem. These findings cast doubts on the suitability of the random price mechanism for truthful revelation of willingness to pay in sequential decision problems." @default.
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- W3123432504 date "2003-01-01" @default.
- W3123432504 modified "2023-09-27" @default.
- W3123432504 title "Attitudes towards risk: An experiment" @default.
- W3123432504 hasPublicationYear "2003" @default.
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