|Titolo:||Estimation of indifference curves in the Marschak-Machina triangle a direct test of the “fanning out” hypothesis|
|Data di pubblicazione:||1989|
|Citazione:||Estimation of indifference curves in the Marschak-Machina triangle a direct test of the “fanning out” hypothesis / Hey J; Strazzera E. - 2:4(1989), pp. 239-260.|
|Abstract:||The ongoing debate on the correct modelling of economic behaviour under risk makes heavy expositional use of the 'Marschak-Machina Triangle'. This has also been used when constructing tests of the various competing theories. In this paper, we adopt a more direct approach - by estimating subjects' indifference maps in the Triangle. Employing an interview technique, we find that most subjects have maps which are nearly consistent with those implied by Subjective Expected Utility theory.|
|Tipologia:||1.1 Articolo in rivista|
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