Belief Elicitation in Experiments : Is there a Hedging Problem?

Belief elicitation in economics experiments usually relies on paying subjects according to the accuracy of stated beliefs in addition to payments for other decisions. Such incentives, however, allow risk-averse subjects to hedge with their stated beliefs against adverse outcomes of other decisions in the experiment...

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Year of publication:	2008-05-01
Authors:	Blanco, Mariana ; Engelmann, Dirk ; Koch, Alexander Karl ; Normann, Hans-Theo
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Hedging \| Methode

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Extent:	338944 bytes 32 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2008 Discussion Paper ; 3517 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	C72 - Noncooperative Games ; C90 - Design of Experiments. General ; G11 - Portfolio Choice ; Corporate finance and investment policy. General ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005859637