Risk Attitudes Toward Small and Large Bets in the Presence of Background Risk*

DOI10.1093/ROF/RFQ037MaRDI QIDQ3096847zbMATH OpenOpenAlexFDO

Authors David A. Chapman, Valery Polkovnichenko

Publication date 15 November 2011

Published in Review of Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1093/rof/rfq037

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

• Risk attitudes over small and large stakes recalibrated
• Risk Aversion in the Small and in the Large
• Risk aversion in the large and in the small
• Estimating risk preferences of bettors with different bet sizes
• Risk preferences and changes in background risk
• Risk attitudes of children and adults: Choices over small and large probability gains and losses
• Risk taking with additive and multiplicative background risks

Cited in

(4)

• Basic risk aversion
• Rejecting small gambles under expected utility
• Risk attitudes over small and large stakes recalibrated
• Changes in Background Risk and Risk Taking Behavior

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