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- Jena Economic Resea...
- Volume 1
- Valuing A Risky Pro...
Valuing A Risky Prospect Less Than Its Worst Outcome: Uncertainty Effect or Task Ambiguity?
- Autor(in)
- Erschienen
- 18. Juli 2007
- Nummer des Discussion-Papers
-
2007-038
- Schlagwort(e)
-
experiments
framing
ŕisky choice
subject confusion
task ambiguity
- Zusammenfsg.
-
Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries’ worst outcomes. We show how to undo this result.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- experimental economics
- JEL-Classification for JER
- C81 - Microeconomic Data ; C91 - Laboratory, Individual Behavior ; C93 - Field Experiments ; D83 - Search; Learning; Information and Knowledge; Communication; Belief