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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Nienke F S Dijkstra1, Henning Tiemeier1,2, Bernd Figner3
1Erasmus University Rotterdam, Rotterdam, The Netherlands.
This study introduces a new censored mixture model to better understand risk-taking behavior. The model accounts for censored data, outcome attractiveness, and individual risk preferences in experimental settings.
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