Loss-Aversion and Household Portfolio Choice

Risk Aversion 4 Which of the following two options would you choose: 1. You draw a lottery ticket with a 2% chance to win Dfl. 3,000 (if you lose, you don’t get anything at all). 2. You draw a lottery ticket with a 1% chance to win Dfl. 6,000 (if you lose, you don’t get anything at all). Appendix Table I ................
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