We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this … significantly overstated when risk neutrality is assumed. This highlights the interplay between risk and ambiguity attitudes as well …

setting? We consider this general methodological question in the context of eliciting risk attitudes. The controls that are … artificial monetary prizes provides a reliable measure of risk attitudes when the natural counterpart outcome has minimal … uncertainty, but that it can provide an unreliable measure when the natural counterpart outcome has background risk. These results …