Eliciting subjective probability distributions with binary lotteries

We test in a laboratory experiment the theoretical prediction that risk attitudes have a surprisingly small role in distorting reports from true belief distributions. We find evidence consistent with theory in our experiment.

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Year of publication:	2015
Authors:	Harrison, Glenn W. ; Martínez-Correa, Jimmy ; Swarthout, J. Todd ; Ulm, Eric R.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 127.2015, C, p. 68-71
Publisher:	Elsevier
Subject:	Subjective belief distributions \| Risk attitudes \| Experiments

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Type of publication:	Article
Classification:	C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011189530