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Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show

โœ Scribed by Post, Thierry; van den Assem, Martijn J; Baltussen, Guido; Thaler, Richard H

Book ID
120009385
Publisher
American Economic Association
Year
2008
Tongue
English
Weight
660 KB
Volume
98
Category
Article
ISSN
0002-8282

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Decision making under risk in Deal or No
Decision making under risk in Deal or No Deal
โœ Nicolas de Roos; Yianis Sarafidis ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 307 KB

## Abstract We analyse the choices of 399 contestants in the Australian version of the television game show __Deal or No Deal__. We calculate risk aversion bounds for each contestant, revealing considerable heterogeneity. We then estimate a structural stochastic choice model that captures the dynam