Menkhoff, Lukas; Sakha, Sahra - 2017 - Revised version, February 2017
We compare seven established risk elicitation methods and investigate how robustly they explain eleven kinds of risky … behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is … heterogeneous and, therefore, difficult to assess ex ante. Greater diversification across risk measures is conducive to closing this …