Varieties of risk preference elicitation
نویسندگان
چکیده
We explore risk preference elicitation when subjects choose directly from an exogenously specified set of lotteries. Our choice tasks differ incrementally, e.g., choosing between two lotteries to selecting a portfolio continuous bundled Arrow securities, and text spatial presentation. Each subject completes multiple instances five different tasks, responses for each task are summarized in parametric (CRRA) non-parametric (normalized premium) measures preference. Variation attributes explains much the observed wide variation elicited preferences correlations across pairs.
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Varieties of Risk Elicitation ∗
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2022
ISSN: ['0899-8256', '1090-2473']
DOI: https://doi.org/10.1016/j.geb.2022.02.002