Search

Showing 17,481-17,500 of 18,273 items.

On Taking a Skewed Risk More than Once

By Sebastian Ebert and Mats Köster

American Economic Journal: Microeconomics, May 2026

Penny-picking refers to the often-observed phenomenon of repeatedly taking negatively skewed risks and seems directly at odds with evidence on (positive-)skewness-seeking as observed in static settings. We show that penny-picking may not only occur despit...