Keywords: Multiple choice list
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Journal Articles
Review of Behavioral Finance (2025) 17 (5): 835–869.
Published: 08 August 2025
.../methodology/approach The study employs a laboratory experiment using Multiple-Choice-List (MCL) risk-elicitation tasks based on both Direct Utility Function (DUF) and Indirect Utility Function (IUF) frameworks. These tasks present stochastic payoffs and stochastic prices, respectively. The analysis uses...

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