High-stakes hedges are misunderstood too. A commentary on: “Valuing bets and hedges: Implications for the construct of risk preference”
Frederick, Levis, Malliaris & Meyer (2018) report a package of laboratory studies where participants underestimate the value of “hedges”: Risky bets which cancel out the risk of another presently-held bet. However, it might be questioned to what extent laboratory findings predict field behavior....
| Príomhchruthaitheoirí: | , |
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| Formáid: | Alt |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Cambridge University Press
2019-09-01
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| Sraith: | Judgment and Decision Making |
| Ábhair: | |
| Rochtain ar líne: | https://www.cambridge.org/core/product/identifier/S1930297500004897/type/journal_article |