Description

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics.

The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.

Models of Risk Preferences: Descriptive and Normative Challenges

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Hardback by Glenn W. Harrison , Don Ross

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Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view... Read more

    Publisher: Emerald Publishing Limited
    Publication Date: 23/10/2023
    ISBN13: 9781837972692, 978-1837972692
    ISBN10: 1837972699

    Number of Pages: 264

    Non Fiction , Business, Finance & Law

    Description

    Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics.

    The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.

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