This is a guest post by my friend Fred Viole at Ovvo Financial Systems. He’s doing important work in behavioral economics. Please take a few minutes to respnd to his survey.
Please help further research into Prospect Theory by completing this short survey. It is 18 questions and takes no more than a few minutes to complete. The additional qualifications and updated amounts from Kahneman and Tversky’s 1979 seminal work will help us explain the violations to expected utility theory and the individual nature of risk-aversion. Thank you for your participation.