## Are People Really Risk Seeking when Facing Losses?Department of Economics and Operations Research, University of Canterbury, 1994 - Risk management - 32 pages |

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9-tuple Bayes rule chance coherent conditional expectations David E. A. Giles David Giles decision situations Discussion Paper equation errors expected utility theory experiment FACING LOSSES Figure B.2 FO version four theories frame invariant frame viewed marginally framing effects gambles histograms hypothesis integrated frame involving the MPS John Fountain Judith Julian Wright KMB's log scoring rule loss domain mean preserving spreads Michael Carter Michael McCosker minimum deviation MPS frame MPS transparent frame multinomial coefficient Naive FS Naive Naive theories number of observations number of risk Pre-Test Estimation predict better predicted patterns predicting the number predictive performance Prior and Predictive prior beliefs prior probability Prob probabilities for risk prospect frame Prospect theory risk attitudes risk averse choice risk averting behaviour risk seeking behaviour risk seeking choices scores for predicting SEEKING WHEN FACING sequences of observations statistical strength strength=20 University of Canterbury version of GEUT weakly held theories weakly held versions