Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field
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We document a robust dynamic inconsistency in risky choice. Using a unique brokerage dataset and a series of experiments, we compare people's initial risk-taking plans to their subsequent decisions. Across settings, people accept risk as part of a loss-exit strategyplanning to continue taking risk
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美国国家经济研究局创建时间：
2023-02-01
