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The Role of Risk Attitudes in Probabilistic Environments

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dc.creator Alonso Díaz, Santiago
dc.creator Forero, Carlos Esteban
dc.date 2012-03-12
dc.date.accessioned 2022-03-22T19:37:17Z
dc.date.available 2022-03-22T19:37:17Z
dc.identifier https://revistas.uexternado.edu.co/index.php/odeon/article/view/3697
dc.identifier.uri http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/100366
dc.description In this work we asked if risk attitudes influence the way agents learn in a probabilistic environment. For that purpose, 31 male students played a version of a well-known game called the multi-armed bandit (with four levers/buttons). We found that after controlling for cognitive abilities (i.e. Raven’s test), risk seekers in gains preferred to explore in this environment, rather than exploit options, even if one of them was clearly more rewarding. We briefly discuss the reasons and some implications for financial decision theories, in particular, for Bayesian and behavioral proposals. es-ES
dc.format application/pdf
dc.format text/html
dc.language spa
dc.publisher Facultad de Finanzas, Gobierno y Relaciones Internacionales es-ES
dc.relation https://revistas.uexternado.edu.co/index.php/odeon/article/view/3697/3827
dc.relation https://revistas.uexternado.edu.co/index.php/odeon/article/view/3697/4134
dc.source ODEON; Núm. 7 (2012) es-ES
dc.source 2346-2140
dc.source 1794-1113
dc.subject Criteria for decision making under risk and uncertainty es-ES
dc.subject Search es-ES
dc.title The Role of Risk Attitudes in Probabilistic Environments es-ES
dc.type info:eu-repo/semantics/article
dc.type info:eu-repo/semantics/publishedVersion


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