Cognitive Imprecision and Small-Stakes Risk Aversion
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Observed choices between risky lotteries are difficult to reconcile with expected utility maximization, both because subjects appear to be too risk averse with regard to small gambles for this to be explained by diminishing marginal utility of wealth, as stressed by Rabin (2000), and because
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美国国家经济研究局创建时间：
2018-09-01
