Models of Risk Preferences

Descriptive and Normative Challenges

Don Ross editor Glenn W Harrison editor

Format:Hardback

Publisher:Emerald Publishing Limited

Published:23rd Oct '23

Should be back in stock very soon

Models of Risk Preferences cover

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding risky decisions. Models of Risk Preferences collects studies that critically review these two claims from the perspective of experimental economics.

The Research in Experimental Economics series focuses on laboratory experimental economics, but includes theoretical, empirical, or field economic research to encompass the broader experimental economics community.

ISBN: 9781837972692

Dimensions: unknown

Weight: 512g

264 pages