Ebert, Sebastian - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 85-97
small probability. I characterize skewness in binary risks, which are widely applied in both economic models and experiments … for the conducting of comparative statics analysis with regard to skewness, and provide a useful tool for the calibration … precautionary saving motive, and to collect additional laboratory evidence on skewness preference and risk-seeking behavior. …