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Author: Avraham Polovin
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Preference Reversals and the Analysis of Income Distributions
Yoram Amiel, Frank A Cowell, Leima Davidovitz and Avraham Polovin
It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high...Read more...