Does Risk Aversion Vary with Decision-Frame? An Empirical Test Using Recent Game Show Data

10.1002/rbf.3 ◽  
2009 ◽  
Vol 1 (1/2) ◽  
pp. 44-61 ◽  
Author(s):  
Daniel Mulino ◽  
Richard Scheelings ◽  
Robert Brooks ◽  
Robert Faff
Keyword(s):  
Risk Aversion ◽  
Empirical Test ◽  
Game Show ◽  
Decision Frame

Does Risk Aversion Vary with Decision-Frame? An Empirical Test Using Recent Game Show Data

2007 ◽  
Author(s):  
Robert Darren Brooks ◽  
Robert W. Faff ◽  
Daniel Mulino ◽  
Richard Scheelings
Keyword(s):  
Risk Aversion ◽  
Empirical Test ◽  
Game Show ◽  
Decision Frame

Does Risk Aversion Vary with Decision‐Frame? An Empirical Test Using Recent Game Show Data

2009 ◽  
Vol 1 (1/2) ◽  
pp. 44-61 ◽  
Author(s):  
Daniel Mulino ◽  
Richard Scheelings ◽  
Robert Brooks ◽  
Robert Faff
Keyword(s):  
Risk Aversion ◽  
Empirical Test ◽  
Game Show ◽  
Decision Frame

scholarly journals Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show

2008 ◽  
Vol 98 (1) ◽  
pp. 38-71 ◽  
Author(s):  
Thierry Post ◽  
Martijn J van den Assem ◽  
Guido Baltussen ◽  
Richard H Thaler
Keyword(s):  
Decision Making ◽  
Risk Aversion ◽  
Prospect Theory ◽  
Expected Utility ◽  
Utility Theory ◽  
Path Dependence ◽  
Expected Utility Theory ◽  
Decision Making Under Risk ◽  
Game Show ◽  
Dependent Choice

We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable outcomes or surpassed by favorable outcomes. Our results point to reference-dependent choice theories such as prospect theory, and suggest that path-dependence is relevant, even when the choice problems are simple and well defined, and when large real monetary amounts are at stake. (JEL D81)

Low Risk Aversion Encourages the Choice for Entrepreneurship: An Empirical Test of a Truism

2001 ◽  
Author(s):  
Mirjam van Praag ◽  
J.S. Cramer ◽  
Joop Hartog ◽  
Nicole Jonker
Keyword(s):  
Risk Aversion ◽  
Empirical Test ◽  
Low Risk

Low risk aversion encourages the choice for entrepreneurship: an empirical test of a truism

2002 ◽  
Vol 48 (1) ◽  
pp. 29-36 ◽  
Author(s):  
J.S Cramer ◽  
J Hartog ◽  
N Jonker ◽  
C.M Van Praag
Keyword(s):  
Risk Aversion ◽  
Empirical Test ◽  
Low Risk

Forensic Adolescent Psychology: It's No Game Show

PsycCRITIQUES ◽  
2004 ◽  
Vol 49 (Supplement 1) ◽  
Author(s):  
Ian M. Evans
Keyword(s):  
Adolescent Psychology ◽  
Game Show
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