Models of risk preferences: descriptive and normative challenges

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risk...

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Bibliographische Detailangaben
Weitere Verfasser: Harrison, Glenn W. 1955- (HerausgeberIn), Ross, Don 1962- (HerausgeberIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: United Kingdom ; North America ; Japan ; India ; Malaysia ; China Emerald Publishing 2023
Ausgabe:First edition
Schriftenreihe:Research in experimental economics volume 22
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Zusammenfassung:Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics. The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.
Beschreibung:1 Online-Ressource (ix, 254 Seiten)
ISBN:9781837972685
9781837972708
DOI:10.1108/S0193-2306202322