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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...
Gorde:
| Egile Nagusiak: | , |
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| Formatua: | Artigo |
| Hizkuntza: | Inglês |
| Argitaratua: |
National Academy of Sciences
2005
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| Gaiak: | |
| Sarrera elektronikoa: | 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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