منابع مشابه
Eliciting Risk and Time Preferences
Abstract. We design experiments to jointly elicit risk and time preferences for the adult Danish population. We find that joint elicitation results in estimates of discount rates that are dramatically lower than those found in previous studies. Estimation of latent time preferences requires that one specify a theoretical structure to understand risk and time choices, but we show that our main r...
متن کاملEliciting risk and time preferences under induced mood states
We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory experiment. We jointly estimate risk and time preferences and find that subjects induced into a negative mood exhibit economically significant higher risk aversion than those in the control treatment. Those in the positive mood treatment exhibit even higher risk aversion. We fin...
متن کاملEliciting Risk Preferences Using Choice Lists
We study the e ect of embedding pairwise choices between lotteries within a choice list on measured risk attitude. Using an experiment with online workers, we nd that subjects choose the risky lottery rather than a sure payment signi cantly more often when responding to a choice list. This behavior can be rationalized by the interaction between non-expected utility and the random incentive syst...
متن کاملEliciting Risk Preferences: When is Simple Better?
We study the estimation of risk aversion preferences with experimental data. We focus on the trade-offs that arise when choosing between two different elicitation methods that have different degrees of difficulty for subjects. We analyze how and when the simpler, but coarser, elicitation method may be preferred to the more complex, but finer, one. Subjects in the more complex task exhibit noisi...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2008
ISSN: 0012-9682,1468-0262
DOI: 10.1111/j.1468-0262.2008.00848.x