Prospect-theory's diminishing sensitivity versus economics' intrinsic utility of money: How the introduction of the Euro can be used to disentangle the two empirically

Theory and Decision

Volumn 63, Issue 3, 2007, Pages 205-231

  Wakker, Peter P ^a   Köbberling, Veronika ^b   Schwieren, Christiane ^c  

^a MAASTRICHT UNIVERSITY   (Netherlands)

^b AXA Service AG   (Germany)

^c UNIVERSITY OF HEIDELBERG   (Germany)

Author keywords

Currency change; Money illusion; Prospect theory; Psychology of money; Relative risk aversion; Utility

Indexed keywords

COST ACCOUNTING; ECONOMIC ANALYSIS; SENSITIVITY ANALYSIS;

PROSPECT THEORY; RATIONAL COMPONENT;

DECISION THEORY;

EID: 34548805109     PISSN: 00405833     EISSN: 15737187     Source Type: Journal    
DOI: 10.1007/s11238-007-9040-8     Document Type: Article

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