Range effects and lottery pricing

DOI10.1007/S10683-009-9215-YzbMATH Open1190.91036OpenAlexW3125360380MaRDI QIDQ839529FDOQ839529

Pavlo R. Blavatskyy, Wolfgang R. Köhler

Publication date: 2 September 2009

Published in: Experimental Economics (Search for Journal in Brave)

Full work available at URL: https://www.zora.uzh.ch/id/eprint/28397/1/ZORA_NL_28397.pdf

zbMATH Keywords

experimentcertainty equivalentBecker-DeGroot-Marschak (BDM) methodelicitation procedurerange effects

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Cites Work

• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Lottery pricing under time pressure
• "Preference Reversal" and the Observability of Preferences by Experimental Methods
• Risk attitudes of children and adults: Choices over small and large probability gains and losses
• On a lottery pricing anomaly: Time tells the tale

Cited In (5)

• Heterogeneous demand responses to discrete price changes: an application to the purchase of lottery tickets
• On lottery sales, jackpot sizes and irrationality: a cautionary note
• Risk pricing in a non-expected utility framework
• Preference reversals and probabilistic decisions
• Lottery pricing under time pressure

Uses Software

• Z-Tree

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