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Varieties of risk elicitation
Friedman, Daniel; Habib, Sameh; James, Duncan; … - 2018
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …) and also across elicitation tasks (inconsistent with direct implementation of EUH). An alternative nonparametric measure … each elicitation task. Each separate measure varies widely across individual subjects and across elicitation tasks, with …
Persistent link: https://www.econbiz.de/10011812252
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Varieties of risk elicitation
Friedman, Daniel; Habib, Sameh; James, Duncan; … - 2018
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …) and also across elicitation tasks (inconsistent with direct implementation of EUH). An alternative nonparametric measure … each elicitation task. Each separate measure varies widely across individual subjects and across elicitation tasks, with …
Persistent link: https://www.econbiz.de/10011790830
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Eliciting risk preferences: Text vs. graphical multiple price lists
Habib, Sameh; Friedman, Daniel; Crockett, Sean; James, … - 2015
We introduce new graphical displays that present binary choice lotteries via three dimensional rotating pie charts whose heights represent the prize amounts. We compare four graphical versions to the original text-only Holt & Laury (2002) multiple price list. Parametric and non-parametric...
Persistent link: https://www.econbiz.de/10011390744
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Varieties of risk elicitation
Friedman, Daniel; Habib, Sameh; James, Duncan; … - 2018
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …) and also across elicitation tasks (inconsistent with direct implementation of EUH). An alternative nonparametric measure … each elicitation task. Each separate measure varies widely across individual subjects and across elicitation tasks, with …
Persistent link: https://www.econbiz.de/10012013808
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Varieties of risk elicitation
Friedman, Daniel; Habib, Sameh; James, Duncan; … - 2018
We explore a variety of risk preference elicitation procedures that involve direct choice from a set of lotteries …) and also across elicitation tasks (inconsistent with direct implementation of EUH). An alternative nonparametric measure … each elicitation task. Each separate measure varies widely across individual subjects and across elicitation tasks, with …
Persistent link: https://www.econbiz.de/10011797106
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Chapter 4. Assessment and Estimation of Risk Preferences
Holt, Charles A.; Laury, Susan K. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 135-201). 2014
This chapter surveys the rapidly growing literature in which risk preferences are measured and manipulated in laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between a safe and risky asset, a choice menu task for eliciting...
Persistent link: https://www.econbiz.de/10014025528
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Eliciting risk preferences using choice lists
Freeman, David; Halevy, Yoram; Kneeland, Terri - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 217-237
. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …
Persistent link: https://www.econbiz.de/10011994857
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Incentive effects on risk attitude in small probability prospects
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …
Persistent link: https://www.econbiz.de/10010277023
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Incentive effects on risk attitude in small probability prospects
Lefebvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - 2009
prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … section for very small amounts. -- Risk attitude ; incentives ; decision ; experiment …
Persistent link: https://www.econbiz.de/10003910085
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Varieties of risk preference elicitation
Friedman, Daniel; Habib, Sameh; James, Duncan; … - In: Games and economic behavior 133 (2022), pp. 58-76
Persistent link: https://www.econbiz.de/10013337757