Are CEOs Expected Utility Maximizers?
---- Acknowledgements -----
Thanks to Colin Camerer, Glenn Harrison, Kerry Smith, Chris Starmer, Robert Sugden, David Zilberman, and two referees for supplying comments. We thank Kenneth Train for supplying the GAUSS program with which we conducted our empirical estimation. An earlier version of this paper was presented at the World Conference for Environmental and Natural Resource Economists and the Southern Economic Association Meetings. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.