Models of risk preferences : descriptive and normative challenges /

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risk...

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Bibliografske podrobnosti
Drugi avtorji: Harrison, Glenn W. (Editor), Ross, Don (Editor)
Format: Elektronski eKnjiga
Jezik:angleščina
Izdano: Bingley, U.K. : Emerald Publishing Limited, 2023.
Serija:Research in experimental economics ; v. 22.
Teme:
Online dostop:https://doi.org/10.1108/S0193-2306202322
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Opis
Izvleček:Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics. The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.
Opis knjige/članka:Includes index.
Fizični opis:1 online resource (264 pages).
Bibliografija:Includes bibliographical references.
ISBN:9781837972708
DOI:10.1108/S0193-2306202322