Behavioral Biases and Firm Behavior: Evidence from Kenyan Retail Shops
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چکیده
منابع مشابه
Behavioral Biases and Firm Behavior: Evidence from Kenyan Retail Shops
Many subjects in lab experiments show considerable risk aversion in small-stakes gambles. This is counter to the predictions of expected utility theory for any reasonable degree of risk aversion (Rabin 2000) but is consistent with loss aversion in prospect theory. Benjamin, Brown, and Shapiro (forthcoming) show that math skills reduce small-stakes risk aversion, consistent with broader evidence...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2013
ISSN: 0002-8282
DOI: 10.1257/aer.103.3.362