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Measuring risk preferences in the field is critical for policy, however, it can be costly. For instance, the commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments which makes it time-consuming and costly. We propose a short version of the Holt and Laury...
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question by eliciting individuals' willingness to pay (WTP) to avoid detection in an economic experiment involving a coin …
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