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We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in a replicated, structured way. Inferences are generally confounded by the subjective assessment of skill in some games, and the dynamic nature of the task in most games. We consider the game shows Card Sharks, Jeopardy!, Lingo, and finally Deal Or No Deal. We provide a detailed case study of the analyses of Deal Or No Deal, since it is suitable for inference about risk attitudes and has attracted considerable attention.
Type
book part or chapter
Authors
Publication date
2008
Published in
Risk Aversion in Experiments
Start page
342
End page
350
Volume
12
Issue
12
Subjects
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
March 12, 2008
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