| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0081 |
| 来源ID | Technical Working Paper 0081 |
| The Influence Of Probability on Risky Choice: A parametric Examination | |
| Pamela K. Lattimore; Joanna R. Baker; A. Dryden Witte | |
| 发表日期 | 1992-08-01 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a result of empirical evidence which suggests that individuals do not behave in a manner consistent with the prescriptive tenets of EUT. In this paper, we explore the influence of probability on risky choice. by proposing and estimating a parametric model of risky decision making. Our results suggest that models which provide for probability transformations are most appropriate for the majority of subjects. Further. we find that the transformation differs for most subjects depending upon whether the risky outcomes are gains or losses. Most subjects are considerably less sensitive to changes in mid-range probability than is proposed by the expected utility model and risk-seeking behavior over "long-shot" odds is common |
| 主题 | Industrial Organization |
| URL | https://www.nber.org/papers/t0081 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561479 |
| 推荐引用方式 GB/T 7714 | Pamela K. Lattimore,Joanna R. Baker,A. Dryden Witte. The Influence Of Probability on Risky Choice: A parametric Examination. 1992. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0081.pdf（1513KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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