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

DOI10.1093/ROF/RFQ037zbMATH Open1225.91028OpenAlexW2136176570MaRDI QIDQ3096847FDOQ3096847

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

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

Mathematics Subject Classification ID

Utility theory (91B16)

Cited In (4)

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

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