Are preferences for skewness fixed or fungible?

被引:6
|
作者
Gunnarsson, S
Shogren, JF [1 ]
Cherry, TL
机构
[1] Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA
[2] Appalachian State Univ, Dept Econ, Boone, NC 28608 USA
基金
美国国家科学基金会;
关键词
arbitrage; preferences; skewness;
D O I
10.1016/S0165-1765(03)00034-X
中图分类号
F [经济];
学科分类号
02 ;
摘要
Are individual preferences for skewness fixed or fungible? Using preference reversals as a case study, we find evidence that preferences remained stable as reversals disappear due to arbitrage across both market-like and non-market contexts. (C) 2003 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:113 / 121
页数:9
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