Showing 1 - 9 of 9
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 …
Persistent link: https://www.econbiz.de/10011107621
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 …
Persistent link: https://www.econbiz.de/10011108341
discuss the claims of Andreoni and Sprenger (2012b) that "risk preferences are not time preferences" and assert that this may …
Persistent link: https://www.econbiz.de/10011260062
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory … experiment. We jointly estimate risk and time preferences and use a mixture specification that allows choices to be consistent … Utility Theory, we find that subjects induced into a negative mood exhibit higher risk aversion than those in either the …
Persistent link: https://www.econbiz.de/10009294575
We examine whether religious priming can induce more truthful preference revelation in valuation research. Using induced value second price Vickrey auctions in both hypothetical and non-hypothetical contexts, our results suggest that religious priming can indeed induce more truthful bidding and...
Persistent link: https://www.econbiz.de/10009360253
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between … cognitively demanding task before risk preference elicitation increases risk aversion and females are less risk averse when in all …
Persistent link: https://www.econbiz.de/10008680321
. We specifically test whether inducing subjects into different mood states has a significant effect on subjects …
Persistent link: https://www.econbiz.de/10008685165
We elicit and compare risk preferences from student subjects and subjects drawn from the general population, using the … risk aversion than others. …
Persistent link: https://www.econbiz.de/10008805476
gender differences in risk/time preferences can be explained by natural fluctuations in progesterone/estradiol levels during … low digit ratio exhibit higher discount rates and risk loving preferences. …
Persistent link: https://www.econbiz.de/10011113680