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Some implications of common consequences in lotteries

Archive ouverte : Article de revue

Crainich, David | Eeckhoudt, Louis | Menegatti, Mario

Edité par HAL CCSD ; Springer Verlag

International audience. This work studies the implications of some aspects of preferences toward risk in the choice between two binary lotteries exhibiting a common consequence. The results obtained are then applied to two different problems: the choice between two risky challenges characterized by different rewards in the case of success and different probabilities of success and the choice between self-protection and self-insurance in the presence of the risk of incurring financial loss.

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