03
Ott
15

An empirical investigation into the propensity of reckless decision making within the high pressure environment of Deal or No Deal

See on Scoop.itBounded Rationality and Beyond
Abstract: This paper discusses human attitudes towards risk and the development of expected utility models, laying the foundations for the creation of prospect theory in 1979. It proceeds to analyse the decisions of contestants on the popular TV game show Deal or No Deal to attempt to observe any evidence of differing levels of risk aversion under losses and gains as predicted by prospect theory. The results reveal some evidence of decreased risk aversion in the domains of losses and gains, with contestants displaying behaviour consistent with the break-even and house-money effects. We conclude there may be enough evidence of variable reference points to warrant further investigation, and propose suggestions for further research
See on mpra.ub.uni-muenchen.de



Time is real? I think not

ottobre: 2015
L M M G V S D
« Set   Nov »
 1234
567891011
12131415161718
19202122232425
262728293031  

Commenti recenti

Inserisci il tuo indirizzo e-mail per iscriverti a questo blog e ricevere notifiche di nuovi messaggi per e-mail.

Segui assieme ad altri 833 follower

Latest Tweets

Alessandro Cerboni


%d blogger cliccano Mi Piace per questo: