Browsing Economics Student Scholarship by Author "Zhou, Zhengyi"
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Impact of Academic Experience in Economics on Risk Preferences and Rationality: An Empirical Investigation
Zhou, Zhengyi (2010-04-01)When we model human choices under risk, the standard is to apply a rational choice model such as Expected Utility Theory (EUT). However, humans are not always rational, and Kahneman and Tversky developed Prospect Theory ...