Even risk-averters may love risk (Q1611616): Difference between revisions
From MaRDI portal
Created a new Item |
Set OpenAlex properties. |
||
| (2 intermediate revisions by 2 users not shown) | |||
| Property / MaRDI profile type | |||
| Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
| Property / full work available at URL | |||
| Property / full work available at URL: https://doi.org/10.1023/a:1015513000587 / rank | |||
Normal rank | |||
| Property / OpenAlex ID | |||
| Property / OpenAlex ID: W1565216520 / rank | |||
Normal rank | |||
| links / mardi / name | links / mardi / name | ||
Latest revision as of 10:16, 30 July 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Even risk-averters may love risk |
scientific article |
Statements
Even risk-averters may love risk (English)
0 references
21 August 2002
0 references
If a player is an expected-utility maximizer, his/her choices will depend on the nature of the game (whether he/she can observe the previous outcomes before making the next decision), his/her utility function, the prior distribution on the bias. In the case of coin tossing, the authors prove that even a risk averter might optimally choose a riskier coin when learning is allowed.
0 references
sequential models
0 references
non-sequential models
0 references
stochastic comparisons
0 references
utility functions
0 references
