2007-08-27 papers

on Neuroeconomics

Issue of 2007‒08‒27
one paper chosen by
Daniela Raeva

The biological basis of expected utility anomalies By Matsushita, Raul; Baldo, Dinora; Martin, Bruna; Da Silva, Sergio

The biological basis of expected utility anomalies

By:	Matsushita, Raul; Baldo, Dinora; Martin, Bruna; Da Silva, Sergio
Abstract:	We assess the biological basis of expected utility anomalies through an experiment of the Allais paradox. A questionnaire study of 120 subjects replicates the anomalies and further gathers information about the respondents’ bio-characteristics, such as gender, age, parenthood, handedness, second to fourth digit ratio, current emotional state, past negative experiences, and religiousness. We find that some of those bio-characteristics matter for the anomalies.
Keywords:	expected utility anomalies; risky choice; Allais paradox; experimental economics
JEL:	D81 C91
Date:	2007–08–17
URL:	http://d.repec.org/n?u=RePEc:pra:mprapa:4520&r=neu

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