In this talk, I will discuss ongoing work about how to measure coherence to common models of risk preferences when choices are made from budgets that trade-off between the size of a prize and the probability of receiving that prize. I will show how to calculate Afriat Indices and Houtman-Maks Indices for probability weighting, expected utility, and risk-averse expected utility.  I will then apply these theoretical results to the datasets from Breig & Feldman (2022) and Crosetto & Fillipin (2013) to demonstrate how well common models explain choices.

About the presenter's visit

If you would like to meet with Zachary Breig, please contact Dr Carlos Oyarzun (c.oyarzun@uq.edu.au)

About Economic Theory Seminar Series

A seminar series designed specifically for economic theory researchers to network and collaborate. 

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Rm 629, Level 6 Colin Clark Building or Zoom