Incentive effects on risk attitude in small probability prospects
Mathieu Lefebvre,
Ferdinand Vieider () and
Marie Claire Villeval
Economics Letters, 2010, vol. 109, issue 2, 115-120
Abstract:
We report between-subject results on the effect of monetary stakes on risk attitudes. While we find the typical risk seeking for small probabilities, risk seeking is reduced under high stakes. This suggests that utility is not consistently concave.
Keywords: Risk; attitude; Incentives; Prospect; theory (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (15)
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Related works:
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2010) 
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) 
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) 
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009)
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) 
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:109:y:2010:i:2:p:115-120
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