Blanco, Mariana; Engelmann, Dirk; Koch, Alexander Karl; … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Belief elicitation in economics experiments usually relies on paying subjects according to the accuracy of stated beliefs in addition to payments for other decisions. Such incentives, however, allow risk-averse subjects to hedge with their stated beliefs against adverse outcomes of other...