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Inference under Stability of Risk Preferences

Barseghyan, Levon; Molinari, Francesca; Teitelbaum, … - 2018

lines of insurance coverage and a model that nests expected utility theory plus a range of non-expected utility models, we …

Persistent link: https://www.econbiz.de/10014144989

Informal Risk-Sharing in an Infinite-Horizon Experiment

Charness, Gary; Genicot, Garance - 2006

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …

Persistent link: https://www.econbiz.de/10014073184

Revealing a preference for mixtures : an experimental study of risk

Feldman, Paul; Rehbeck, John - In: Quantitative economics : QE ; journal of the … 13 (2022) 2, pp. 761-786

Using a revealed preference approach, we conduct an experiment where subjects make choices from linear convex budgets …

Persistent link: https://www.econbiz.de/10013382047

On the role of monetary incentives in risk preference elicitation experiments

Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine - 2022

Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' \true...

Persistent link: https://www.econbiz.de/10013545997

Endogenous Risk Attitudes

Netzer, Nick; Robson, Arthur J.; Steiner, Jakub; … - 2022

perception frictions. The model explains adaptive risk attitudes and probability weighting as in prospect theory and …

Persistent link: https://www.econbiz.de/10013306853

Income risk, precautionary saving, and loss aversion : an empirical test

Ibanez, Marcela; Schneider, Sebastian O. - 2023

aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …

Persistent link: https://www.econbiz.de/10014312199

Repeated Experience and Consistent Risk Preferences

Charness, Gary; Chemaya, Nir - 2023

Economists have developed various methods to elicit risk preferences, which can help forecast decision-making in risky scenarios. However, risk elicitation can be complex, and there remain unresolved challenges. Our research demonstrates that repeated exposure to risk elicitation tasks, such as...

Persistent link: https://www.econbiz.de/10014350808

Risk aversion and information aggregation in binary-asset markets

Filippin, Antonio; Mantovani, Marco - In: Quantitative economics : QE ; journal of the … 14 (2023) 2, pp. 753-798

We investigate how risk aversion (RA) shapes the informative content of prices in an experimental asset market, where traders are sorted according to their RA. RA should induce steeper individual demands and, under its most common parametrizations, drive equilibrium prices closer to revealing...

Persistent link: https://www.econbiz.de/10014308597

History-Dependent Risk Attitude

Dillenberger, David - 2013

We propose a model of history-dependent risk attitude, allowing a decision maker's risk attitude to be affected by his history of disappointments and elations. The decision maker recursively evaluates compound risks, classifying realizations as disappointing or elating using a threshold rule. We...

Persistent link: https://www.econbiz.de/10013093867

The Virtual Bingo Blower : an open-source tool to generate ambiguity and risk in experiments

Andersson, Ola; Castillo, Geoffrey; Wengström, Erik - 2024

aspects of the VBB, such as the number of balls, their color, and their speed, can be easily modified. In an online experiment …

Persistent link: https://www.econbiz.de/10015075038