Probabilistic risk attitudes and local risk aversion: a paradox

被引：0
作者：
Vjollca Sadiraj
机构：
[1] Georgia State University,Department of Economics and Experimental Economics Center
来源：
Theory and Decision | 2014年 / 77卷
关键词：
Risk aversion; Probability transformation; Calibration; Reference dependence;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Prominent theories of decision under risk that challenge expected utility theory model risk attitudes at least partly with transformation of probabilities. This paper shows how attributing local risk aversion to attitudes towards probabilities can produce extreme probability distortions that imply paradoxical risk aversion.
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收藏
页码：443 / 454
页数：11
相关论文
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