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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- Harrison, Glenn W. & Lau, Morten I. & Elisabet Rutström, E., 2009.
"Risk attitudes, randomization to treatment, and self-selection into experiments,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 70(3), pages 498-507, June.
- Elisabet Rutstrom & Glenn Harrison & Morten Lau, 2005. "Risk attitudes, randomization to treatment, and self-selection into experiments," Artefactual Field Experiments 00061, The Field Experiments Website.
- Steffen Andersen & Glenn W. Harrison & Morten Lau & Elisabet E. Rutstroem, 2011.
"Discounting Behavior: A Reconsideration,"
2011_01, Durham University Business School.
- 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.
- Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2007.
"Estimating Risk Attitudes in Denmark: A Field Experiment,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 109(2), pages 341-368, 06.
- Elisabet Rutstrom & Glenn Harrison & Morten Lau, 2004. "Estimating risk attitudes in denmark: A field experiment," Artefactual Field Experiments 00059, The Field Experiments Website.
- Glenn W. Harrison & Eric Johnson & Melayne M. McInnes & E. Elisabet Rutstr�m, 2005. "Risk Aversion and Incentive Effects: Comment," American Economic Review, American Economic Association, vol. 95(3), pages 897-901, June.
- Phoebe Koundouri & Marita Laukkanen & Sami Myyrä & Céline Nauges, 2009.
"The effects of EU agricultural policy changes on farmers' risk attitudes,"
European Review of Agricultural Economics,
Foundation for the European Review of Agricultural Economics, vol. 36(1), pages 53-77, March.
- Phoebe Koundouri & Marita Laukkanen & Sami MyyrÃ¤ & Celine Nauges, 2009. "The effects of EU agricultural policy changes on farmers' risk attitudes," Working Papers 30225, Institut National de la Recherche Agronomique, France.
- Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-33, March.
- Barsky, Robert B, et al, 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 537-79, May.
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, E. Elisabet, 2010. "Preference heterogeneity in experiments: Comparing the field and laboratory," Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 209-224, February.
- 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.
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