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Volumn 18, Issue 5, 1997, Pages 469-486

Inferring risk attitudes from certainty equivalents: Some lessons from an experimental study

Author keywords

Certainty equivalent; Expected utility theory; Risk attitude; Vickrey auction

Indexed keywords


EID: 0031234492     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-4870(97)00019-6     Document Type: Article
Times cited : (18)

References (10)
  • 1
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    • Measuring utility by a single-response sequential method
    • Becker, G.M., DeGroot, M.H., Marschak, J., 1964. Measuring utility by a single-response sequential method. Behavioral Science 9, 226-232.
    • (1964) Behavioral Science , vol.9 , pp. 226-232
    • Becker, G.M.1    DeGroot, M.H.2    Marschak, J.3
  • 2
    • 0003139662 scopus 로고
    • An experimental test of several generalized utility theories
    • Camerer, C., 1989. An experimental test of several generalized utility theories. Journal of Risk and Uncertainty 61-104.
    • (1989) Journal of Risk and Uncertainty , pp. 61-104
    • Camerer, C.1
  • 3
    • 0021522307 scopus 로고
    • Utility assessment methods
    • Farquhar, P., 1984. Utility assessment methods. Management Science 30, 1283-1300.
    • (1984) Management Science , vol.30 , pp. 1283-1300
    • Farquhar, P.1
  • 4
    • 84982438110 scopus 로고
    • Economic theory of choice and the preference reversal phenomenon
    • Grether, D.M., Plott, C.R., 1979. Economic theory of choice and the preference reversal phenomenon. The American Economic Review 69, 623-638.
    • (1979) The American Economic Review , vol.69 , pp. 623-638
    • Grether, D.M.1    Plott, C.R.2
  • 6
    • 38249043797 scopus 로고
    • An experimental test for risk aversion
    • Harrison, W., 1986. An Experimental Test for Risk Aversion. Economics Letters 21, 7-11.
    • (1986) Economics Letters , vol.21 , pp. 7-11
    • Harrison, W.1
  • 7
    • 0000627719 scopus 로고
    • Investigating parsimonious generalizations of expected utility theory using experimental data
    • Hey, J., Orme, , Ch.1994. Investigating parsimonious generalizations of expected utility theory using experimental data . Econometrica 62, 1291-1326.
    • (1994) Econometrica , vol.62 , pp. 1291-1326
    • Hey, J.1    Orme, Ch.2
  • 8
    • 0000660837 scopus 로고
    • Auction institutional design: Theory and behavior of simultaneous multiple-unit generalizations of the Dutch and English auctions
    • McCabe, K.A., Rassenti, S.J., Smith, V.L., 1990. Auction institutional design: Theory and behavior of simultaneous multiple-unit generalizations of the Dutch and English auctions. The American Economic Review 80, 1276-1283.
    • (1990) The American Economic Review , vol.80 , pp. 1276-1283
    • McCabe, K.A.1    Rassenti, S.J.2    Smith, V.L.3
  • 9
    • 0010985204 scopus 로고
    • The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach
    • Safra, Z., Segal, U., Spivak, A., 1990. The Becker-DeGroot-Marschak mechanism and nonexpected Utility: A testable approach. Journal of Risk and Uncertainty 3, 177-190.
    • (1990) Journal of Risk and Uncertainty , vol.3 , pp. 177-190
    • Safra, Z.1    Segal, U.2    Spivak, A.3
  • 10
    • 84980096808 scopus 로고
    • Counterspeculation, auctions, and competitive sealed tenders
    • Vickrey, W., 1961. Counterspeculation, auctions, and competitive sealed tenders. Journal of Finance 16, 8-37.
    • (1961) Journal of Finance , vol.16 , pp. 8-37
    • Vickrey, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.