The probability weighting function: experimental evidence from Uganda, India and Ethiopia

Humphrey, Steven J. and Verschoor, Arjan (2004) The probability weighting function: experimental evidence from Uganda, India and Ethiopia. Economics Letters, 84 (3). pp. 419-425.

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Abstract

We use the common consequence effect to investigate whether rank-dependent theory with an inverse S-shaped probability weighting function describes the risky choices of rural Ethiopians, Indians and Ugandans. We find that behaviour is better described by an S-shaped weighting function.

Item Type:	Article
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Impact Evaluation Faculty of Social Sciences > Research Groups > Gender and Development University of East Anglia Schools > Faculty of Science > Tyndall Centre for Climate Change Research Faculty of Science > Research Centres > Tyndall Centre for Climate Change Research Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences
Depositing User:	Abigail Dalgleish
Date Deposited:	12 Apr 2011 11:35
Last Modified:	16 Jun 2023 23:37
URI:	https://ueaeprints.uea.ac.uk/id/eprint/29017
DOI:	10.1016/j.econlet.2004.02.015

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