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Incentive effects on risk attitude in small probability prospects

Mathieu Lefebvre (), Ferdinand M. 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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Related works:
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2010) Downloads
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) Downloads
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) Downloads
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009)
Working Paper: Incentive Effects on Risk Attitude in Small Probability Prospects (2009) Downloads
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