{"title":"Risk Aversion in the Large and in the Small","authors":"Jørgen Haug, T. Hens, Peter Wohrmann","doi":"10.2139/ssrn.1876529","DOIUrl":null,"url":null,"abstract":"Estimates of agents’ risk aversion differ between market studies and experimental studies. We demonstrate that these estimates can be reconciled through consistent treatment of agents’ propensity for narrow framing.","PeriodicalId":406145,"journal":{"name":"ERN: Criteria for Decision-Making under Risk & Uncertainty (Topic)","volume":"68 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"28","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Criteria for Decision-Making under Risk & Uncertainty (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1876529","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 28
Abstract
Estimates of agents’ risk aversion differ between market studies and experimental studies. We demonstrate that these estimates can be reconciled through consistent treatment of agents’ propensity for narrow framing.