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Risk elicitation through the S-GG lottery panel task: Implementation note

Author

Listed:
  • Iván Barreda-Tarrazona

    (LEE and Department of Economics, Universitat Jaume I, Castellón, Spain)

  • Gerardo Sabater-Grande

    (LEE and Department of Economics, Universitat Jaume I, Castellón, Spain)

  • Nikolaos Georgantzis

    (Burgundy School of Wines and Spirits Business, Dijon, France and LEE and Department of Economics, Universitat Jaume I, Castellón, Spain)

Abstract

In this note we describe the S-GG risk-elicitation task. This multiple-lottery allows for obtaining two factors describing a subject’s risk attitude with just four choices by this same subject. We describe the implementation of the task and also provide free zTree programs (in English and Spanish) to facilitate its integration into an experimental design. Some frequently asked questions highlighting the advantages and limitations of this task are also provided.

Suggested Citation

  • Iván Barreda-Tarrazona & Gerardo Sabater-Grande & Nikolaos Georgantzis, 2020. "Risk elicitation through the S-GG lottery panel task: Implementation note," Working Papers 2020/23, Economics Department, Universitat Jaume I, Castellón (Spain).
    • Handle: RePEc:jau:wpaper:2020/23
    as

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    File URL: http://www.doctreballeco.uji.es/wpficheros/Barreda_et_al_23_2020.pdf
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    References listed on IDEAS

    as
    1. Georgantzís, Nikolaos & Navarro-Martínez, Daniel, 2010. "Understanding the WTA-WTP gap: Attitudes, feelings, uncertainty and personality," Journal of Economic Psychology, Elsevier, vol. 31(6), pages 895-907, December.
    2. 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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    Citations

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    Cited by:

    1. Aragó, V. & Barreda-Tarrazona, I. & Breaban, A. & Matallín, J.C. & Salvador, E., 2022. "Market risk aversion under volatility shifts: An experimental study," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 552-568.
    2. Omotuyole Isiaka Ambali & Francisco Jose Areal & Nikolaos Georgantzis, 2021. "Improved Rice Technology Adoption: The Role of Spatially-Dependent Risk Preference," Agriculture, MDPI, vol. 11(8), pages 1-13, July.
    3. Sabater-Grande, Gerardo & García-Gallego, Aurora & Georgantzís, Nikolaos & Herranz-Zarzoso, Noemí, 2022. "The effects of personality, risk and other-regarding attitudes on trust and reciprocity," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
    4. Omotuyole Isiaka Ambali & Francisco Jose Areal & Nikolaos Georgantzis, 2021. "On Spatially Dependent Risk Preferences: The Case of Nigerian Farmers," Sustainability, MDPI, vol. 13(11), pages 1-16, May.

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    More about this item

    Keywords

    risk-elicitation task; multiple-lottery choices; implementation and programs;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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