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We empirically compare the consistency among several measures of risk-taking and patience by evaluating how these … choice elicitation methods for financial decisions. Our results continue to hold in an incentivized laboratory experiment. We … for a possible measurement problem by applying an error-in-variables regression yields mixed results …
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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 …
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criteria is developed and a measure to quantify the credibility of information is proposed. The measure is used to compare the … credibility of information available in two sample websites …
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