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A simple test of expected utility theory using professional traders
We compare behavior across students and professional traders from the Chicago Board of Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a necessary condition in expected utility theory, is systematically violated. We find that both students and professionals e...
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| Main Authors: | , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
National Academy of Sciences
2005
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| Assuntos: | |
| Acesso em linha: | https://ncbi.nlm.nih.gov/pmc/articles/PMC545552/ https://ncbi.nlm.nih.gov/pubmed/15634739 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1073/pnas.0408022101 |
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