Reference : Incentive Effects on Risk Attitude in Small Probability Prospects
Scientific journals : Article
Business & economic sciences : Microeconomics
http://hdl.handle.net/2268/73823
Incentive Effects on Risk Attitude in Small Probability Prospects
English
Lefebvre, Mathieu mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Economie politique et finances publiques >]
Vieider, Ferdinand [ > > ]
Villeval, Marie Claire [ > > ]
Nov-2010
Economics Letters
Elsevier Science
109
2
Yes (verified by ORBi)
International
0165-1765
[en] Risk attitude ; Incentive ; Prospect theory
[en] We report between-subject results on the effect of monetary stakes on risk attitudes. While we find the typical risk seeking for small probabilities, risk seeking is reduced under high stakes. This suggests that utility is not consistently concave.
http://hdl.handle.net/2268/73823

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