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  • Prospect Theory in Choice and Pricing Tasks 
    Harbaugh, William; Krause, Kate; Vesterlund, Lise (University of Oregon, Dept. of Economics, 2002-07-20)
    The most distinctive prediction of prospect theory is the fourfold pattern (FFP) of risk attitudes. People are said to be (1) risk-seeking over low-probability gains, (2) risk-averse over low-probability losses, (3) ...
  • Risk Attitudes of Children and Adults : Choices over Small and Large Probability Gains and Losses 
    Harbaugh, William; Krause, Kate; Vesterlund, Lise (2001-11-05)
    In this paper we examine how risk attitudes change with age. We present participants from age 5 to 64 with choices between simple gambles and the expected value of the gambles. The gambles are over both gains and losses, ...
  • Trust in Children 
    Liday, Steven G.; Vesterlund, Lise; Harbaugh, William; Krause, Kate (University of Oregon, Dept. of Economics, 2002-03-22)
    In this paper we study trust/reciprocity behavior in children ages eight to eighteen using an augmented version of Berg et al.â s (1995) trust game. This study is intended to inspect and reveal when certain aspects of ...
  • Valuing Children’s Health and Life: What Does Economic Theory Say About Including Parental and Societal Willingness To Pay? 
    Harbaugh, William (University of Oregon, Dept. of Economics, 2001-06-01)
    Governments can and do adopt many policies that will improve the health and reduce the mortality risks of children. Given this, estimates of the value of improvements in children’s health and reductions in their mortality ...

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