Risk-attitude selection bias in subject pools for experiments involving neuroimaging and blood samples
Techniques such as neuroimaging and molecular genetics are increasingly used to investigate economic theory, decision making behavior and personality traits related to economic behavior (e.g., risk attitudes, reward dependence). The generalizability of this research is ultimately limited, however, if the subjects participating in such studies are not representative of the general population with respect to the behavior or traits of interest to the researcher. In this study, university student recruits answer surveys that assess risk attitudes prior to being told that the study involves a one-hour functional magnetic resonance imaging (fMRI) session and a blood sample obtained via phlebotomy. We find recruits with more conservative risk attitudes in two of four measured dimensions are less likely to agree to participate in the study due to these biomedical requirements, suggesting that recruitment among student volunteer populations for fMRI studies and for genetics studies requiring blood as genetic source material may induce a sample selection bias in the domain of risk attitudes. We find that limiting recruitment to individuals who have previously undergone certain types of medical interventions (MRI, computed tomography or surgery) eliminates the sample selection bias in the case of fMRI research and attenuates the bias in the case of genetics research. Furthermore, relying upon buccal cells rather than blood for genetic source material may attenuate sample selection bias. Buccal cell samples can be collected via less invasive oral techniques and have been shown to provide genotyping results that are comparable to blood samples.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
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.:
- Armin Falk & David Huffman & Gert Wagner & Jurgen Schupp & Thomas Dohmen & Uwe Sunde, 2005.
"Individual risk attitudes: New evidence from a large, representative, experimentally-validated survey,"
Framed Field Experiments
00140, The Field Experiments Website.
- Dohmen, Thomas & Falk, Armin & Huffman, David B. & Sunde, Uwe & Schupp, Jürgen & Wagner, Gert G., 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," IZA Discussion Papers 1730, Institute for the Study of Labor (IZA).
- Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," Discussion Papers of DIW Berlin 511, DIW Berlin, German Institute for Economic Research.
- Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Juergen Schupp & Gert Wagner, 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," Working Papers 2096, The Field Experiments Website.
- Dohmen, Thomas J & Falk, Armin & Huffman, David & Schupp, Jürgen & Sunde, Uwe & Wagner, Gert Georg, 2006. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," CEPR Discussion Papers 5517, C.E.P.R. Discussion Papers.
- Ekelund, Jesper & Johansson, Edvard & Jarvelin, Marjo-Riitta & Lichtermann, Dirk, 2005. "Self-employment and risk aversion--evidence from psychological test data," Labour Economics, Elsevier, vol. 12(5), pages 649-659, October.
- Marco Casari & John C. Ham & John H. Kagel, 2005.
"Selection bias, demographic effects, and ability effects in common value auction experiments,"
213, Federal Reserve Bank of New York.
- Marco Casari & John C. Ham & John H. Kagel, 2007. "Selection Bias, Demographic Effects, and Ability Effects in Common Value Auction Experiments," American Economic Review, American Economic Association, vol. 97(4), pages 1278-1304, September.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Steven D. Levitt & John A. List, 2007. "What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 153-174, Spring.
- Camelia Kuhnen & Brian Knutson, 2005. "The Neural Basis of Financial Risk Taking," Experimental 0509001, EconWPA.
When requesting a correction, please mention this item's handle: RePEc:eee:joepsy:v:30:y:2009:i:2:p:181-189. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.