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dc.contributor.author Fullenkamp, C
dc.contributor.author Tenorio, R
dc.contributor.author Battalio, R
dc.date.accessioned 2010-03-09T15:38:55Z
dc.date.issued 2003-02-01
dc.identifier.citation Review of Economics and Statistics, 2003, 85 (1), pp. 218 - 226
dc.identifier.issn 0034-6535
dc.identifier.uri http://hdl.handle.net/10161/2003
dc.description.abstract We use information from the television game show with the highest guaranteed average payoff in the United States, Hoosier Millionaire, to analyze risktaking in a high-stakes experiment. We characterize gambling decisions under alternative assumptions about contestant behavior and preferences, and derive testable restrictions on individual risk attitudes based on this characterization. We then use an extensive sample of gambling decisions to estimate distributions of risk-aversion parameters consistent with the theoretical restrictions and revealed preferences. We find that although most contestants display risk-averse preferences, the extent of the risk aversion implied by our estimates varies substantially with the stakes involved in the different decisions.
dc.format.extent 218 - 226
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.relation.ispartof Review of Economics and Statistics
dc.title Assessing individual risk attitudes using field data from lottery games
dc.type Journal Article
dc.department Economics
pubs.issue 1
pubs.organisational-group /Duke
pubs.organisational-group /Duke/Trinity College of Arts & Sciences
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Economics
pubs.publication-status Published
pubs.volume 85

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