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Estimating (Risk) Preference Functionals Using Experimental Methods

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Uncertain Decisions

Abstract

Suppose you wish to describe how some particular individual takes decisions under risk1. This could be for several reasons, most obviously: because you wished to predict how this individual might behave in some future decision problem; or because the individual wished to know whether or not the decision rule that he or she was implicitly using was a sensible rule in some sense. How might you set about this task?

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© 1999 Springer Science+Business Media New York

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Hey, J.D. (1999). Estimating (Risk) Preference Functionals Using Experimental Methods. In: Luini, L. (eds) Uncertain Decisions. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5083-9_5

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  • DOI: https://doi.org/10.1007/978-1-4615-5083-9_5

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7312-4

  • Online ISBN: 978-1-4615-5083-9

  • eBook Packages: Springer Book Archive

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