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Risk Aversion and Expected Utility Theory: A Field Experiment with Large and Small Stakes

Risk Aversion and Expected Utility Theory: A Field Experiment with Large and Small Stakes. Matilde Bombardini (UBC) Francesco Trebbi (University of Chicago GSB). Motivation. How well does expected utility theory explain the behavior of an average person?

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Risk Aversion and Expected Utility Theory: A Field Experiment with Large and Small Stakes