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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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Hlavní autoři: List, John A., Haigh, Michael S.
Médium: Artigo
Jazyk:Inglês
Vydáno: National Academy of Sciences 2005
Témata:
On-line přístup: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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