Risk Aversion as a Perceptual Bias
收藏NBER2017-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23294
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资源简介：
The theory of expected utility maximization (EUM) explains risk aversion as due to diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on individual trials involve a random
提供机构：
美国国家经济研究局
创建时间：
2017-04-01
