The question of how to measure and classify people's risk preferences is of substantial importance in the field of Economics. Inspired by the multitude of ways used to elicit them, we conduct a holistic investigation of the most prevalent method, the multiple price list (MPL) and its...

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...

Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...