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  • Photo du rédacteurHélène Dufour

Bayesian and Classical Approaches to Structural Estimation of Risk Attitudes

This study examines interpersonal heterogeneity in #risk attitudes in #decisionmaking experiments. The use of #bayesian and classical methods for estimating the hierarchical model has sparked debate. Both approaches use the population distribution of risk attitudes to identify individual-specific risk attitudes. Comparing existing experimental data, both methods yield similar conclusions about risk attitudes.


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