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On the Performance of the Lottery Procedure for Controlling Risk Preferences

In: Handbook of Experimental Economics Results

Author

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  • Berg, Joyce E.
  • Rietz, Thomas A.
  • Dickhaut, John W.

Abstract

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Suggested Citation

  • Berg, Joyce E. & Rietz, Thomas A. & Dickhaut, John W., 2008. "On the Performance of the Lottery Procedure for Controlling Risk Preferences," Handbook of Experimental Economics Results, in: Charles R. Plott & Vernon L. Smith (ed.), Handbook of Experimental Economics Results, edition 1, volume 1, chapter 115, pages 1087-1097, Elsevier.
  • Handle: RePEc:eee:expchp:8-115
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    Citations

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    Cited by:

    1. Krawczyk, Michal & Le Lec, Fabrice, 2015. "Can we neutralize social preference in experimental games?," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 340-355.
    2. Vital Anderhub & Simon Gächter & Manfred Königstein, 2002. "Efficient Contracting and Fair Play in a Simple Principal-Agent Experiment," Experimental Economics, Springer;Economic Science Association, vol. 5(1), pages 5-27, June.
    3. Karl Schlag & James Tremewan & Joël Weele, 2015. "A penny for your thoughts: a survey of methods for eliciting beliefs," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 457-490, September.
    4. Harrison, Glenn W. & Martínez-Correa, Jimmy & Swarthout, J. Todd, 2013. "Inducing risk neutral preferences with binary lotteries: A reconsideration," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 145-159.
    5. Heggedal, Tom-Reiel & Helland, Leif & Våge Knutsen, Magnus, 2022. "The power of outside options in the presence of obstinate types," Games and Economic Behavior, Elsevier, vol. 136(C), pages 454-468.
    6. Lee, Natalie, 2023. "Feigning ignorance for long-term gains," Games and Economic Behavior, Elsevier, vol. 138(C), pages 42-71.
    7. James C. Cox & Vjollca Sadiraj, 2018. "Incentives," Experimental Economics Center Working Paper Series 2018-01, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    8. Heggedal, Tom-Reiel & Helland, Leif & Morton, Rebecca, 2022. "Can paying politicians well reduce corruption? The effects of wages and uncertainty on electoral competition," Games and Economic Behavior, Elsevier, vol. 135(C), pages 60-73.
    9. Karl Schlag & James Tremewan & Joël Weele, 2015. "A penny for your thoughts: a survey of methods for eliciting beliefs," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 457-490, September.
    10. Kirchkamp, Oliver & Oechssler, Joerg & Sofianos, Andis, 2021. "The Binary Lottery Procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 348-369.
    11. Erkal, Nisvan & Gangadharan, Lata & Koh, Boon Han, 2020. "Replication: Belief elicitation with quadratic and binarized scoring rules," Journal of Economic Psychology, Elsevier, vol. 81(C).
    12. repec:awi:wpaper:0663 is not listed on IDEAS

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    JEL classification:

    • C - Mathematical and Quantitative Methods

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