Low-probability rational spillovers

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 110
Issue: 1
Pages: 25-27

Authors (2)

Kivi, Paul A. (not in RePEc) Shogren, Jason F. (University of Wyoming)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We find evidence of "rationality spillovers" in low-probability high-severity risks. People adjust their valuation of high probability events and preferences as they reduce preference reversals. We find insensitivity to scope for food safety illnesses with the lowest probabilities.

Technical Details

RePEc Handle
repec:eee:ecolet:v:110:y:2011:i:1:p:25-27
Journal Field
General
Author Count
2
Added to Database
2026-01-29