Documents & Reports

Behavioral biases and firm behavior : evidence from Kenyan retail shops (English)

Abstract

Many subjects in lab experiments show considerable risk aversion in small-stakes gambles. This is counter to the predictions of expected utility theory for any reasonable degree of risk aversion but is consistent with loss aversion in prospect theory....  See More +

Details

  • Kremer, Michael; Lee, Jean; Robinson, Jonathan; Rostapshova, Olga;
  • 2013/05/01
  • Journal Article;
  • 92931
  • 1
  • 1
  • Kenya
  • Africa
  • 2014/12/05
  • Disclosed
  • Behavioral biases and firm behavior : evidence from Kenyan retail shops
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