Table 2.
UWS captures people’s risk preferences in the Experiments by Madan et al. (2014).
| Risky Choices in | Gain Trials | Loss Trials |
|---|---|---|
| Experiment 1: | UWS: 54% People: 45% | UWS: 36%, People: 35% |
| Experiment 2: | UWS: 60%, People: 55% | UWS: 31%, People: 14% |
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