Estimating risk attitudes in conventional and artefactual lab experiments
We elicit and compare risk preferences from student subjects and subjects drawn from the general population, using the multiple price list method devised by Holt and and Laury (2002). We find evidence suggesting that students have lower relative risk aversion than others.
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- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten I. & Rutström, E. Elisabet, 2014.
"Discounting behavior: A reconsideration,"
European Economic Review,
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- Glenn Harrison & Morten Lau & Elisabet Rutstrom, 2005. "Risk attitudes, randomization to treatment, and self-selection into experiments," Artefactual Field Experiments 00061, The Field Experiments Website.
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- Phoebe Koundouri & Céline Nauges & Vangelis Tzouvelekas, 2006. "Technology Adoption under Production Uncertainty: Theory and Application to Irrigation Technology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(3), pages 657-670.
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