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Uncertainty Effect.pdf

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Preview of Uncertainty Effect
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Summary

Individuals value a risky prospect less than its worst possible realization, violating the internality axiom that the value of a risky prospect must lie between its highest and lowest outcome, as demonstrated through experiments and field studies.

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Individuals value a risky prospect less than its worst possible realization, violating the internality axiom that the value of a risky prospect must lie...

Technical Information

  • File Format: PDF
  • File Size: 159 KB
  • Pages: 28
  • Language: EN
  • Total Downloads: 205
  • Last Updated: 17 hours ago

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