Browsing Discussion papers (SAM) by Subject "risk aversion"

Now showing items 1-2 of 2

    • Is there a development gap in rationality? 

      Cappelen, Alexander W.; Kariv, Shachar; Sørensen, Erik Ø.; Tungodden, Bertil (Discussion paper;8/2014, Working paper, 2014-03)
      We report an experimental test of the four touchstones of rationality in choice under risk – utility maximization, stochastic dominance, expected-utility maximization and small-stakes risk neutrality – with students from ...

    • The power of money : wealth effects in contests 

      Schroyen, Fred; Treich, Nicolas (Discussion Papers;13/2013, Working paper, 2013-06)
      Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic ...