1,721,364 research outputs found
Estimation of indifference curves in the Marschak-Machina triangle a direct test of the “fanning out” hypothesis
No full textThe ongoing debate on the correct modelling of economic behaviour under risk makes heavy expositional use of the 'Marschak-Machina Triangle'. This has also been used when constructing tests of the various competing theories. In this paper, we adopt a more direct approach - by estimating subjects' indifference maps in the Triangle. Employing an interview technique, we find that most subjects have maps which are nearly consistent with those implied by Subjective Expected Utility theory
Hey, J. Fred, Come And See Us!
No full textPhotograph used for a story in the Oklahoma Times newspaper. Caption: "Hey, J. Fred, looky what we got - a color television camera!" exclaim two Indian-garbed Lincoln Park Zoo chimps, Chief Moe and Princess Minnie, to their more famous distant relative, Mr. Muggs, who stars on NBC's Today Show. The local WKY-TV staff hopes the color telecasting facilities, Oklahoma scenery, and a plug from two local favorites will win a week-long visit to OKC by the Today Show.
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