ISSN:
1435-8921
Keywords:
C91
;
D81
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract We test whether violations of expected utility theory in an Allais-paradox environment are sensitive to monetary incentives. Like Harrison (1994), we find that violations are significantly reduced when lotteries are real rather than hypothetical.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01180705
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