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We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions …
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Influential economic approaches as random utility models assume a monotonic relation between choice frequencies and "strength of preference," in line with widespread evidence from the cognitive sciences, which also document an inverse relation to response times. However, for economic decisions...
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We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions …
Persistent link: https://www.econbiz.de/10003942220
Persistent link: https://www.econbiz.de/10010443024
model. Third, we run an experiment to test the model's main predictions in a context where the researcher knows the true …
Persistent link: https://www.econbiz.de/10012588630
model. Third, we run an experiment to test the model's main predictions in a context where the researcher knows the true …
Persistent link: https://www.econbiz.de/10012605001