14  Harrison and Rutström (2009)

Discussion paper: Harrison and Rutström (2009) “Expected utility theory and prospect theory: One wedding and a decent funeral”, Experimental Economics

Supplementary papers:

• Harrison and Rutström (2008) “Risk aversion in the laboratory”, in Risk Aversion in Experiments

Harrison and Rutström address the challenge of heterogeneity in measured risk preferences across the population.

Harrison, G. W., and Rutström, E. E. (2008). Risk aversion in the laboratory. In J. C. Cox and G. W. Harrison (Eds.), Risk aversion in experiments (Vol. 12, pp. 41–196). Emerald. https://doi.org/10.1016/S0193-2306(08)00003-3

Harrison, G. W., and Rutström, E. E. (2009). Expected utility theory and prospect theory: One wedding and a decent funeral. Experimental Economics, 12(2), 133–158. https://doi.org/10.1007/s10683-008-9203-7