Outputs (2)

Multiattribute Utility Theory, Intertemporal Utility and Correlation Aversion (2018)
Journal Article
Andersen, S., Harrison, G., Lau, M., & Rutström, E. (2018). Multiattribute Utility Theory, Intertemporal Utility and Correlation Aversion. International Economic Review, 59(2), 537-555. https://doi.org/10.1111/iere.12279

Convenient assumptions about qualitative properties of the intertemporal utility function have generated counter-intuitive implications for the relationship between atemporal risk aversion and the intertemporal elasticity of substitution. If the inte... Read More about Multiattribute Utility Theory, Intertemporal Utility and Correlation Aversion.

Asset Integration and Attitudes Toward Risk: Theory and Evidence (2018)
Journal Article
Andersen, S., Cox, J. C., Harrison, G. W., Lau, M. I., Rutström, E., & Sadiraj, V. (2018). Asset Integration and Attitudes Toward Risk: Theory and Evidence. The Review of Economics and Statistics, 100(5), 816-830. https://doi.org/10.1162/rest_a_00719

We provide evidence that choices over small stakes bets are consistent with assumptions of some payoff calibration paradoxes. We then exploit the existence of detailed information on individual wealth of our experimental subjects in Denmark, and dire... Read More about Asset Integration and Attitudes Toward Risk: Theory and Evidence.