Some implications of common consequences in lotteries
Résumé
This work studies the implications of some aspects of preferences toward risk in the choice between two binary lotteries exhibiting a common consequence. The results obtained are then applied to two different problems: the choice between two risky challenges characterized by different rewards in the case of success and different probabilities of success and the choice between self-protection and self-insurance in the presence of the risk of incurring financial loss.
Domaines
Economies et finances
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Some implications of common consequences in lotteries.pdf (328.39 Ko)
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