Title of article
Testing for risk aversion: a stochastic dominance approach
Author/Authors
Levy، Moshe نويسنده , , Levy، Haim نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-232
From page
233
To page
0
Abstract
We conduct an experiment based on the Stochastic Dominance framework in order to investigate risk-aversion in isolation of other effects such as subjective probability distortion, the `certainty effectʹ, and `framingʹ effects. The result is striking: most individuals are not risk-averse
Keywords
Markov process , reversibility , Nonlinear , Canonical analysis , Dynamic factors
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21676
Link To Document