Money does not induce risk neutral behavior, but binary lotteries do even worse

DOI10.1023/A:1005038628305zbMATH Open0952.91044OpenAlexW1492132755MaRDI QIDQ1806687FDOQ1806687

Authors Reinhard Selten, Abdolkarim Sadrieh, Klaus Abbink

Publication date 10 February 2000

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1023/a:1005038628305

zbMATH Keywords

design of experimentsexperimental economicsrisk preferencesbinary lottery payoffschoices under risk

Mathematics Subject Classification ID

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• Delegation using forward induction
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• Equilibrium selection through incomplete information in coordination games: an experimental study
• My money or yours: house money payment effects
• Asymmetric information about rivals' types in standard auctions: an experiment
• Proper scoring rules with general preferences: a dual characterization of optimal reports
• Expected utility versus the changes in knowledge ahead
• An experimental investigation of unprofitable games.
• Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension
• Coordination through reputations: A laboratory experiment
• Survival risks, intertemporal consumption, and insurance: the case of distorted probabilities
• (Sub) optimality and (non) optimal satisficing in risky decision experiments
• An experimental study of price dispersion
• Preference reversals: the impact of truth-revealing monetary incentives
• Experimental evidence of behavioral improvement by learning and intermediate advice

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