Rationality on the rise: Why relative risk aversion increases with stake size

By Helga Fehr-Duda, Adrian Bruhin, Thomas Epper, Renate Schubert. 2010

182 citations recorded by the source corpus.

Subfields: General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/63a805a581be85f1e218bfb3f7db0206859f3803

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In General Decision Sciences

1. Russell A. Poldrack
2. Wolfram Schultz
3. Craig R. Fox
4. Joseph W. Kable
5. Nathaniel D. Daw
6. Paul Glimcher
7. Antonio Rangel

In Safety Research

1. Wolfram Schultz
2. Russell A. Poldrack
3. Craig R. Fox

Citations in the corpus

• Neuronal Reward and Decision Signals: From Theories to Data. (2015, background): “Their utility function is initially convex, then linear and ultimately concave (FIGURES 24D AND 27A), thus showing an inflection as conceptualized and found in human utility functions (152, 339, 436, 630).”
• Prospect Theory and the Brain (2009, background): “... by a constant k , then so is the certainty equivalent of that prospect, C ( x , p ) so that C ( kx , p ) ! kC ( x , p ). (see, e.g., Tversky, 1967 ). Empirically this assumption tends to hold up only within an order of magnitude or so, and as the stakes of gambles increase by orders of magnitude”