dc.contributor.author | Haug, Jørgen | |
dc.contributor.author | Hens, Thorsten | |
dc.contributor.author | Wöhrmann, Peter | |
dc.date.accessioned | 2013-03-08T09:26:17Z | |
dc.date.available | 2013-03-08T09:26:17Z | |
dc.date.issued | 2011-06 | |
dc.identifier.uri | http://hdl.handle.net/11250/164171 | |
dc.description.abstract | Estimates of agents' risk aversion differ between market studies and experimental
studies. We demonstrate that the estimates can be reconciled through
consistent treatment of agents' tendency for narrow framing, regarding integration
of background wealth as well as across risky outcomes: Risk aversion is similar
whenever similar degrees of narrow framing is assumed in either setting. | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Norwegian School of Economics. Department of Finance and Management Science | no_NO |
dc.relation.ispartofseries | Discussion paper;2011:12 | |
dc.subject | risk aversion | no_NO |
dc.subject | narrow framing | no_NO |
dc.subject | background wealth | no_NO |
dc.subject | laboratory experiments | no_NO |
dc.subject | market studies | no_NO |
dc.subject | equity premium puzzle | no_NO |
dc.title | Risk aversion in the large and in the small | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Business: 213 | no_NO |