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Small- and Large-Stakes Risk Aversion: Implications of Concavity Calibration for Decision Theory

Behavioral SciencesChoice ModelConcavity CalibrationBehavioral Decision MakingExperimental Decision MakingChoice TheoryBiasRisk ManagementManagementBusinessDecision AnalysisIndividual Decision MakingLarge-stakes Risk AversionDecision ScienceDecision TheoryFinanceBehavioral Economics