id author title date pages extension mime words sentences flesch summary cache txt work_2aelldtl4rcq3edmxttlwgkapu Connel Fullenkamp Assessing Individual Risk Attitudes Using Field Data From Lottery Games 2003 24 .pdf application/pdf 7489 671 66 gambling decisions to estimate distributions of risk aversion parameters consistent with the theoretical preferences, the extent of the risk aversion implied by our estimates varies substantially with the stakes expected utility theory to provide proper characterization of risk aversion when monetary stakes are small. Exogenous wagers and lack of variation in the gambles prevent us from estimating risk aversion parameters of Hoosier Millionaire to estimate the parameters of the distribution of risk aversion coefficients in the recent studies, the implied degree of risk aversion varies largely with the stakes of the decision. estimates imply substantial risk aversion for gambles comparable to those in Hoosier Millionaire, while also different behavioral traits on decisions and risk aversion is only evident under large stakes. individuals face gambles involving different stakes, each contestant within a regime of Hoosier Millionaire However, we estimated our risk aversion parameters from decisions involving unusually high stakes. ./cache/work_2aelldtl4rcq3edmxttlwgkapu.pdf ./txt/work_2aelldtl4rcq3edmxttlwgkapu.txt