Simultaneous decisions under risk: An experimental investigation
Journal of Behavioral and Experimental Economics
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.
Banerjee, Priyodorshi and Das, Tanmoy, "Simultaneous decisions under risk: An experimental investigation" (2019). Journal Articles. 677.