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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences

Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017

Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...

Persistent link: https://www.econbiz.de/10011763083

Eliciting risk preferences: Text vs. graphical multiple price lists

Habib, Sameh; Friedman, Daniel; Crockett, Sean; James, … - 2015

) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …

Persistent link: https://www.econbiz.de/10011390744

Varieties of risk elicitation

Friedman, Daniel; Habib, Sameh; James, Duncan; … - 2018

We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …. The estimated coefficient of relative risk aversion, gamma, varies widely across individual subjects (consistent with EUH … of risk preferences displays similar patterns. The two risk preference measures are highly correlated with each other for …

Persistent link: https://www.econbiz.de/10011797106