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Journal of economic psychology, v.21 no.6, 2000년, pp.625 - 637
Mador, Galit (Technion, Israel Institute of Technology, 32000 Haifa, Israel) , Sonsino, Doron (Corresponding author. Fax: +972-4-823-5194) , Benzion, Uri (Technion, Israel Institute of Technology, 32000 Haifa, Israel)
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AbstractWe present experimental evidence suggesting that human subjects penalize lotteries for complexity. Our results contradict the assumption that human agents follow the discounted expected utility model in multi-period choice with uncertainty. In particular, we show that the buying price offere...
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