The reflection effect and fourfold pattern of risk attitudes are often thought to be stylized facts about decision making under risk in lab settings. We take a closer look at this received wisdom, using 5 existing data sets from pairwise lottery choice experiments with real monetary incentives....

Longitudinal experiments allow one to evaluate the temporal stability of latent preferences, but raise concerns about sample selection and attrition that may confound inferences about temporal stability. We evaluate the hypothesis of temporal stability in risk preferences using a remarkable data...

Discrete choice experiments (DCEs) often present concise choice scenarios that may appear incomplete to respondents. To allow respondents to express uncertainty arising from this incompleteness, DCEs may ask them to state probabilities with which they expect to make specific choices. The...