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Decision process of individuals under conditions of risk: an experimental study
(2010-03-19)
Theoretical models in finance are many a time based on unrealistic assumptions about the behaviour of individuals. Empirical validation of the models is expected to vindicate the assumptions. However, in most situations, ...
Risk sensitivity in bargaining and a monotone to nash's bargaining problem
(2010-07-27)
In this paper we show that for a new solution to Nash's bargaining problem, proposed by Lahiri (1988) ("Monotonicity with Respect to the Disagreement Point and a New Solution to Nash's Bargaining Problem", IIM, Ahmedabad, ...
Risk, Ambiguity – Gains, Losses
(2009-07-25)
We use a multiple price list (MPL) method to elicit attitudes to risky and ambiguous prospects. In particular we wish to investigate if there are differences in agent behaviour under uncertainty over gain amounts vis a vis ...