Uncertainty Equivalents: Testing the Limits of the Independence Axiom
收藏NBER2011-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17342
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资源简介：
There is convincing experimental evidence that Expected Utility fails, but when does it fail, how severely, and for what fraction of subjects? We explore these questions using a novel measure we call the uncertainty equivalent. We find Expected Utility performs well away from certainty, but fails
提供机构：
美国国家经济研究局
创建时间：
2011-08-01
