The biological basis of expected utility anomalies

Matsushita, Raul. Baldo, Dinora. Martin, Bruna & Da Silva, Sergio

URL: http://d.repec.org/n?u=RePEc:pra:mprapa:4520&r=cbe
We assess the biological basis of expected utility anomalies through an experiment of the Allais paradox. A questionnaire study of 120 subjects replicates the anomalies and further gathers information about the respondents’ bio-characteristics, such as gender, age, parenthood, handedness, second to fourth digit ratio, current emotional state, past negative experiences, and religiousness. We find that some of those bio-characteristics matter for the anomalies