grossman, philip j.; Eckel, Catherine C. - Department of Econometrics and Business Statistics, … - 2012
We develop a new protocol, adapted from the Eckel and Grossman (2002, 2008) risk measure, to elicit skewness preferences. The new lottery choices have the same expected payoffs and risk (variance) as the original choices, but with increasing degrees of positive skewness. We find that our...