In this paper we show that the wildly popular Holt and Laury (2002) risk preference elicitation method confounds … estimates of the curvature of the utility function, the traditional notion of risk preference, with an estimate of the extent to … confound while preserving the simplicity of the method which has made it so popular. Data from a laboratory experiment shows …

Despite the fact that conceptual models of individual decision making under risk are deterministic, attempts to … econometrically estimate risk preferences require some assumption about the stochastic nature of choice. Unfortunately, the … inferences about structural risk preferences across the competing specifications. Overall, a mixture model combining the two …

discuss the claims of Andreoni and Sprenger (2012b) that "risk preferences are not time preferences" and assert that this may …