Journal article
Utility of a quarter-million
Economics Letters, Vol.117(3), pp.650-653
2012
Abstract
This paper presents a new method how to elicit the Bernoulli utility function over a wide range of monetary outcomes using approximation through Taylor expansion. The new method is applied to the natural experiment provided by the Swiss version of the television show Deal or No Deal.
Details
- Title
- Utility of a quarter-million
- Authors/Creators
- P.R. Blavatskyy (Author/Creator) - Lubych-Parahoniak st. 9, L’viv-Vynnyky, 79495, Ukraine
- Publication Details
- Economics Letters, Vol.117(3), pp.650-653
- Publisher
- Elsevier
- Identifiers
- 991005543464807891
- Copyright
- © 2012 Elsevier B.V.
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
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- Citation topics
- 6 Social Sciences
- 6.122 Economic Theory
- 6.122.1287 Risk Preferences
- Web Of Science research areas
- Economics
- ESI research areas
- Economics & Business