The SGG risk elicitation task:Implementation and results
AbstractWe propose a simple task for the elicitation of risk attitudes, initially used in Sabater-Grande and Georgantzís (2002) [SGG], capturing two dimensions of individual decision making: subjects’ average willingness to choose risky projects and their sensitivity towards variations in the return to risk. We report results from a large dataset obtained from the test and discuss regularities and the desirability of its bi-dimensionality when used to explain behaviour in other contexts.
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Bibliographic InfoPaper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number 10/07.
Length: 23 pages
Date of creation: 01 Sep 2010
Date of revision:
Psychometric Tests; Decision-making; Lotteries; Risk aversion.;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-09 (All new papers)
- NEP-EXP-2010-10-09 (Experimental Economics)
- NEP-UPT-2010-10-09 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Antoni Bosch-Domènech & Joaquim Silvestre, 2006. "Risk aversion and embedding bias," Economics Working Papers 934, Department of Economics and Business, Universitat Pompeu Fabra.
- Sabater-Grande, Gerardo & Georgantzis, Nikolaos, 2002. "Accounting for risk aversion in repeated prisoners' dilemma games: an experimental test," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 37-50, May.
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"A Theoretical and Experimental Appraisal of Five Risk Elicitation Methods,"
Jena Economic Research Papers
2013-009, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Paolo Crosetto & Antonio Filippin, 2013. "A Theoretical and Experimental Appraisal of Five Risk Elicitation Methods," SOEPpapers on Multidisciplinary Panel Data Research 547, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Paolo Crosetto & Antonio Filippin, 2012.
"The "Bomb" Risk Elicitation Task,"
SOEPpapers on Multidisciplinary Panel Data Research
517, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Crosetto, Paolo & Filippin, Antonio, 2012. "The "Bomb" Risk Elicitation Task," IZA Discussion Papers 6710, Institute for the Study of Labor (IZA).
- Paolo Crosetto & Antonio Filippin, 2012. "The "Bomb" Risk Elicitation Task," Jena Economic Research Papers 2012-035, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
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