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Learning from mistakes: What do inconsistent choices over risk tell us?

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Cited by:

  1. Boggio, Cecilia & Coda Moscarola, Flavia & Gallice, Andrea, 2020. "What is good for the goose is good for the gander?," Economics of Education Review, Elsevier, vol. 75(C).
  2. Bruns, Selina & Hermann, Daniel & Mußhoff, Oliver, 2022. "Investigating inconsistencies in complex lotteries: The role of cognitive skills of low-numeracy subjects," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
  3. Sophie Clot & Charlotte Y. Stanton & Marc Willinger, 2017. "Are impatient farmers more risk-averse? Evidence from a lab-in-the-field experiment in rural Uganda," Applied Economics, Taylor & Francis Journals, vol. 49(2), pages 156-169, January.
  4. Brick, Kerri & Visser, Martine, 2015. "Risk preferences, technology adoption and insurance uptake: A framed experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 383-396.
  5. Morone, Andrea & Temerario, Tiziana, 2016. "Individual and Group Preferences Over Risk: An Experiment," EconStor Preprints 148357, ZBW - Leibniz Information Centre for Economics.
  6. Kerri Brick & Martine Visser & Justine Burns, 2012. "Risk Aversion: Experimental Evidence from South African Fishing Communities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(1), pages 133-152.
  7. Ranganathan, Kavitha & Lejarraga, Tomás, 2021. "Elicitation of risk preferences through satisficing," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
  8. Ihli, Hanna Julia & Chiputwa, Brian & Musshoff, Oliver, 2013. "Do Changing Probabilities or Payoffs in Lottery-Choice Experiments Matter? Evidence from Rural Uganda," GlobalFood Discussion Papers 158146, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
  9. Utteeyo Dasgupta & Subha Mani & Smriti Sharma & Saurabh Singhal, 2016. "Eliciting risk preferences: Firefighting in the field," WIDER Working Paper Series wp-2016-47, World Institute for Development Economic Research (UNU-WIDER).
  10. Lopera, Maria Adelaida & Marchand, Steeve, 2018. "Peer effects and risk-taking among entrepreneurs: Lab-in-the-field evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 182-201.
  11. Ahsanuzzaman, & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2022. "Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
  12. Na Young Park, 2018. "OCD and Errors in Financial Decisions," Economics Bulletin, AccessEcon, vol. 38(4), pages 1970-1977.
  13. Celse, Jeremy & Karakostas, Alexandros & Zizzo, Daniel John, 2023. "Relative risk taking and social curiosity," Journal of Economic Behavior & Organization, Elsevier, vol. 210(C), pages 243-264.
  14. Gibson, John & Johnson, David, 2017. "Why Bother? Understanding the Impact of Financial Obligations on Wage Selectivity," MPRA Paper 78244, University Library of Munich, Germany.
  15. B. Douglas Bernheim & Charles Sprenger, 2020. "On the Empirical Validity of Cumulative Prospect Theory: Experimental Evidence of Rank‐Independent Probability Weighting," Econometrica, Econometric Society, vol. 88(4), pages 1363-1409, July.
  16. Engle Warnick James C. & Escobal Javier & Laszlo Sonia C., 2011. "Ambiguity Aversion and Portfolio Choice in Small-Scale Peruvian Farming," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-56, November.
  17. Fabien Perez & Guillaume Hollard & Radu Vranceanu, 2021. "How serious is the measurement-error problem in risk-aversion tasks?," Journal of Risk and Uncertainty, Springer, vol. 63(3), pages 319-342, December.
  18. Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2020. "Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?," Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 99-123, April.
  19. Meier, Stephan & Sprenger, Charles D., 2013. "Discounting financial literacy: Time preferences and participation in financial education programs," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 159-174.
  20. John Gibson & David Johnson, 2021. "Breaking Bad: When Being Disadvantaged Incentivizes (Seemingly) Risky Behavior," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(1), pages 107-134, January.
  21. Hermann, Daniel & Rüther, Dörte & Mußhoff, Oliver, 2015. "Die Zeitpräferenz von Landwirten," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 69(4), pages 396-417.
  22. Francisco Galarza, 2009. "Choices under risk in rural peru," Artefactual Field Experiments 00047, The Field Experiments Website.
  23. Hans-Martin Gaudecker & Arthur Soest & Erik Wengström, 2012. "Experts in experiments," Journal of Risk and Uncertainty, Springer, vol. 45(2), pages 159-190, October.
  24. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
  25. Ihli, Hanna Julia & Gassner, Anja & Musshoff, Oliver, 2018. "Experimental insights on the investment behavior of small-scale coffee farmers in central Uganda under risk and uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 75(C), pages 31-44.
  26. Morone, Andrea & Temerario, Tiziana, 2016. "Group preferences over social risk: does (group) size matter?," MPRA Paper 74949, University Library of Munich, Germany.
  27. Fabien Perez & Guillaume Hollard & Radu Vranceanu & Delphine Dubart, 2019. "How Serious is the Measurement-Error Problem in a Popular Risk-Aversion Task?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02291224, HAL.
  28. Uri Gneezy & Alex Imas & John List, 2015. "Estimating Individual Ambiguity Aversion: A Simple Approach," Artefactual Field Experiments 00588, The Field Experiments Website.
  29. Yan Chen & Iman YeckehZaare & Ark Fangzhou Zhang, 2018. "Real or bogus: Predicting susceptibility to phishing with economic experiments," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-18, June.
  30. Avram, Silvia, 2015. "Benefit losses loom larger than taxes: the effects of framing and loss aversion on behavioural responses to taxes and benefits," ISER Working Paper Series 2015-17, Institute for Social and Economic Research.
  31. Colasante, Annarita & Marini, Matteo M. & Russo, Alberto, 2017. "Incidental emotions and risk-taking: An experimental analysis," MPRA Paper 76992, University Library of Munich, Germany.
  32. Marco Castillo & Ragan Petrie & Maximo Torero, 2010. "On The Preferences Of Principals And Agents," Economic Inquiry, Western Economic Association International, vol. 48(2), pages 266-273, April.
  33. Jonathan Chapman & Erik Snowberg & Stephanie Wang & Colin Camerer, 2018. "Loss Attitudes in the U.S. Population: Evidence from Dynamically Optimized Sequential Experimentation (DOSE)," NBER Working Papers 25072, National Bureau of Economic Research, Inc.
  34. Felix Holzmeister & Matthias Stefan, 2019. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Working Papers 2019-19, Faculty of Economics and Statistics, Universität Innsbruck.
  35. Brocas, Isabelle & Carrillo, Juan D. & Giga, Aleksandar & Zapatero, Fernando, 2019. "Risk Aversion in a Dynamic Asset Allocation Experiment," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 54(5), pages 2209-2232, October.
  36. Golo-Friedrich Bauermeister & Oliver Mußhoff, 2016. "Konstante Wahrscheinlichkeiten vs. konstante Auszahlungsbeträge: Auswirkungen auf die ermittelte Risikoeinstellung und beobachtete Inkonsistenzrate in lotteriebasierten Experimenten [Probability Eq," Schmalenbach Journal of Business Research, Springer, vol. 68(2), pages 145-166, July.
  37. Chuang, Yating & Schechter, Laura, 2015. "Stability of experimental and survey measures of risk, time, and social preferences: A review and some new results," Journal of Development Economics, Elsevier, vol. 117(C), pages 151-170.
  38. Fabien Perez & Guillaume Hollard & Radu Vranceanu & Delphine Dubart, 2019. "How Serious is the Measurement-Error Problem in a Popular Risk-Aversion Task?," Working Papers hal-02291224, HAL.
  39. Dasgupta, Utteeyo & Mani, Subha & Sharma, Smriti & Singhal, Saurabh, 2016. "Eliciting Risk Preferences: Firefighting in the Field," IZA Discussion Papers 9765, Institute of Labor Economics (IZA).
  40. repec:cup:judgdm:v:16:y:2021:i:5:p:1290-1313 is not listed on IDEAS
  41. Castillo, Marco & Jordan, Jeffrey L. & Petrie, Ragan, 2018. "Children’s rationality, risk attitudes and field behavior," European Economic Review, Elsevier, vol. 102(C), pages 62-81.
  42. Bruns, Selina JK & Hermann, Daniel & Musshoff, Oliver, 2022. "Is gamification a curse or blessing for the design of risk elicitation methods in the field? Experimental evidence from Cambodian smallholder farmers," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322263, Agricultural and Applied Economics Association.
  43. Ihli, Hanna Julia & Chiputwa, Brian & Musshoff, Oliver, 2016. "Do Changing Probabilities or Payoffs in Lottery-Choice Experiments Affect Risk Preference Outcomes? Evidence from Rural Uganda," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
  44. Joseph Cook & Susmita Chatterjee & Dipika Sur & Dale Whittington, 2013. "Measuring risk aversion among the urban poor in Kolkata, India," Applied Economics Letters, Taylor & Francis Journals, vol. 20(1), pages 1-9, January.
  45. Meraner, Manuela & Musshoff, Oliver & Finger, Robert, 2018. "Using involvement to reduce inconsistencies in risk preference elicitation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 22-33.
  46. Czermak, Simon & Feri, Francesco & Glätzle-Rützler, Daniela & Sutter, Matthias, 2016. "How strategic are children and adolescents? Experimental evidence from normal-form games," Journal of Economic Behavior & Organization, Elsevier, vol. 128(C), pages 265-285.
  47. Tamás Csermely & Alexander Rabas, 2016. "How to reveal people’s preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 107-136, December.
  48. Andersson, Ola & Tyran, Jean-Robert & Wengström, Erik & Holm, Håkan J., 2013. "Risk Aversion Relates to Cognitive Ability: Fact or Fiction?," Working Paper Series 964, Research Institute of Industrial Economics.
  49. Eric Cardella & Carl Kitchens, 2017. "The impact of award uncertainty on settlement negotiations," Experimental Economics, Springer;Economic Science Association, vol. 20(2), pages 333-367, June.
  50. Yan Chen & Ming Jiang & Erin L. Krupka, 2019. "Hunger and the gender gap," Experimental Economics, Springer;Economic Science Association, vol. 22(4), pages 885-917, December.
  51. John Gibson & David Johnson, 0. "Breaking Bad: When Being Disadvantaged Incentivizes (Seemingly) Risky Behavior," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 0, pages 1-28.
  52. Barham, Bradford L. & Chavas, Jean-Paul & Fitz, Dylan & Salas, Vanessa Ríos & Schechter, Laura, 2014. "The roles of risk and ambiguity in technology adoption," Journal of Economic Behavior & Organization, Elsevier, vol. 97(C), pages 204-218.
  53. Charles Sprenger, 2015. "An Endowment Effect for Risk: Experimental Tests of Stochastic Reference Points," Journal of Political Economy, University of Chicago Press, vol. 123(6), pages 1456-1499.
  54. Charness, Gary & Gneezy, Uri & Imas, Alex, 2013. "Experimental methods: Eliciting risk preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 87(C), pages 43-51.
  55. Robin Chark & Soo Chew & Songfa Zhong, 2015. "Extended present bias: a direct experimental test," Theory and Decision, Springer, vol. 79(1), pages 151-165, July.
  56. Ho Lun Wong & Haftom Bayray Kahsay, 2023. "Risk preference interactions between individual farmers and small farmer groups: Experimental evidence from rural Ethiopia," Review of Development Economics, Wiley Blackwell, vol. 27(2), pages 1157-1176, May.
  57. Chi Wai Yu & Y. Jane Zhang & Sharon Xuejing Zuo, 2021. "Multiple Switching and Data Quality in the Multiple Price List," The Review of Economics and Statistics, MIT Press, vol. 103(1), pages 136-150, March.
  58. Brañas-Garza, Pablo & Estepa-Mohedano, Lorenzo & Jorrat, Diego & Orozco, Victor & Rascón-Ramírez, Ericka, 2021. "To pay or not to pay: Measuring risk preferences in lab and field," Judgment and Decision Making, Cambridge University Press, vol. 16(5), pages 1290-1313, September.
  59. Bauermeister, Golo-Friedrich & Mußhoff, Oliver, 2016. "Risk Attitude And Inconsistencies - Does The Choice Of Display Format And Risk Elicitation Method Influence The Outcomes?," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244764, German Association of Agricultural Economists (GEWISOLA).
  60. Filiz, Ibrahim & Nahmer, Thomas & Spiwoks, Markus & Gubaydullina, Zulia, 2020. "Measurement of risk preference," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).
  61. Castro, M.F.; & Guccio, C.; & Romeo, D.;, 2022. "An assessment of physicians’ risk attitudes using laboratory and field data," Health, Econometrics and Data Group (HEDG) Working Papers 22/26, HEDG, c/o Department of Economics, University of York.
  62. Holzmeister, Felix, 2017. "oTree: Ready-made apps for risk preference elicitation methods," Journal of Behavioral and Experimental Finance, Elsevier, vol. 16(C), pages 33-38.
  63. Muhongayire, Wivine, 2012. "An Economic Assessment of the Factors Influencing Smallholder Farmers' Access to Formal Credit: A Case Study of Rwamagana District, Rwanda," Research Theses 198522, Collaborative Masters Program in Agricultural and Applied Economics.
  64. Estepa-Mohedano, Lorenzo & Espinosa, María Paz, 2023. "Comparing risk elicitation in lotteries with visual or contextual aids," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 103(C).
  65. James Andreoni & Charles Sprenger, 2011. "Uncertainty Equivalents: Testing the Limits of the Independence Axiom," NBER Working Papers 17342, National Bureau of Economic Research, Inc.
  66. Bauermeister, Golo & Musshoff, Oliver, 2016. "Risk Aversion and Inconsistencies - Does the Choice of Risk Elicitation Method and Display Format Influence the Outcomes?," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235348, Agricultural and Applied Economics Association.
  67. Hernán Bejarano & Francisco Galarza, 2016. "Can cognitive skills and risk aversion explain inconsistent choices? An experiment," Working Papers 16-03, Centro de Investigación, Universidad del Pacífico.
  68. Holzmeister, Felix & Stefan, Matthias, 2019. "The Risk Elicitation Puzzle Revisited: Across-Methods (In)consistency?," OSF Preprints pj9u2, Center for Open Science.
  69. Lönnqvist, Jan-Erik & Verkasalo, Markku & Walkowitz, Gari & Wichardt, Philipp C., 2015. "Measuring individual risk attitudes in the lab: Task or ask? An empirical comparison," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 254-266.
  70. Estepa-Mohedano, Lorenzo & Espinosa, Maria Paz, 2021. "Comparing risk elicitation in lotteries with visual or contextual framing aids," MPRA Paper 108440, University Library of Munich, Germany.
  71. Yu Yvette Zhang & Rodolfo M Nayga Jr. & Dinah Pura T Depositario, 2019. "Learning and the possibility of losing own money reduce overbidding: Delayed payment in experimental auctions," PLOS ONE, Public Library of Science, vol. 14(5), pages 1-19, May.
  72. Charness, Gary & Viceisza, Angelino, 2011. "Comprehension and risk elicitation in the field: Evidence from rural Senegal," IFPRI discussion papers 1135, International Food Policy Research Institute (IFPRI).
  73. Sven Grüner, 2022. "Rethinking how risk aversion and impatience are linked with cognitive ability: experimental findings from agricultural students and farmers," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 11(3), pages 248-259, July.
  74. Holden , Stein, 2014. "Risky Choices of Poor People: Comparing Risk Preference Elicitation Approaches in Field Experiments," CLTS Working Papers 10/14, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 10 Oct 2019.
  75. Jean-Louis Bago & Bruce Shearer, 2022. "Risk preferences and contract choices," Experimental Economics, Springer;Economic Science Association, vol. 25(5), pages 1374-1398, November.
  76. Brown, Alexander L. & Healy, Paul J., 2018. "Separated decisions," European Economic Review, Elsevier, vol. 101(C), pages 20-34.
  77. Cristina OTTAVIANI & Daniela VANDONE, 2011. "Decision-making under uncertainty and demand for insurance: an empirical study," Departmental Working Papers 2011-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  78. Norbert Hirschauer & Oliver Musshoff & Syster C. Maart-Noelck & Sven Gruener, 2014. "Eliciting risk attitudes -- how to avoid mean and variance bias in Holt-and-Laury lotteries," Applied Economics Letters, Taylor & Francis Journals, vol. 21(1), pages 35-38, January.
  79. Goytom Abraha Kahsay & Workineh Asmare Kassie & Haileselassie Medhin & Lars Gårn Hansen, 2022. "Are religious farmers more risk taking? Empirical evidence from Ethiopia," Agricultural Economics, International Association of Agricultural Economists, vol. 53(4), pages 617-632, July.
  80. Felix Holzmeister & Matthias Stefan, 2021. "The risk elicitation puzzle revisited: Across-methods (in)consistency?," Experimental Economics, Springer;Economic Science Association, vol. 24(2), pages 593-616, June.
  81. Uwe Dulleck & Jacob Fell & Jonas Fooken, 2011. "Within-subject Intra- and Inter-method consistency of two experimental risk attitude elicitation," NCER Working Paper Series 74, National Centre for Econometric Research.
  82. Anwesha Bandyopadhyay & Lutfunnahar Begum & Philip J. Grossman, 2021. "Gender differences in the stability of risk attitudes," Journal of Risk and Uncertainty, Springer, vol. 63(2), pages 169-201, October.
  83. Michalis Drouvelis & Johannes Lohse, 2020. "Cognitive abilities and risk taking: the role of preferences," Discussion Papers 20-02, Department of Economics, University of Birmingham.
  84. Morone, Andrea & Temerario, Tiziana, 2016. "Preferences over social risk: does (group) size matter?," EconStor Preprints 147413, ZBW - Leibniz Information Centre for Economics.
  85. Bellemare, Charles & Kröger, Sabine & Sossou, Kouamé Marius, 2022. "Optimal frequency of portfolio evaluation in a choice experiment with ambiguity and loss aversion," Journal of Econometrics, Elsevier, vol. 231(1), pages 248-264.
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