WP 2016-04 Small Stakes Risk Aversion in the Laboratory: A Reconsideration
Published in 2017 in Economic Letters, Volume 160.
AUTHORS: Glenn W. Harrison, Morten I. Lau, Don Ross, J. Todd Swarthout
ABSTRACT: Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible levels of risk aversion over large stakes under certain assumptions. One core assumption in statements… more »