Simultaneous decisions under risk: An experimental investigation

Article Type

Research Article

Publication Title

Journal of Behavioral and Experimental Economics

Abstract

Subjects faced two independent portfolio choice problems simultaneously, each requiring an allocation of a budget across one safe and one risky asset. We found that choice for one of these problems could depend on the riskiness of the risky asset in the other. Results are consistent with subjects assessing risk for any problem or portfolios in its feasible set through contrast with risk of the other problem or portfolios in its feasible set.

DOI

10.1016/j.socec.2019.101454

Publication Date

10-1-2019

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