The binary lottery procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks
We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no signifi...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
Universität
May 2019
|
| Series: | Discussion paper series / University of Heidelberg, Department of Economics
no. 663 |
| In: |
Discussion paper series (no. 663)
|
| DOI: | 10.11588/heidok.00026438 |
| Subjects: | |
| Online Access: | Resolving-System, Volltext: https://doi.org/10.11588/heidok.00026438 Verlag, kostenfrei, Volltext: http://archiv.ub.uni-heidelberg.de/volltextserver/26438/ Resolving-System, kostenfrei: http://hdl.handle.net/10419/207638 Resolving-System, kostenfrei, Volltext: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-264389 
|
| Author Notes: | Jörg Oechssler and Andis Sofianos |
| Summary: | We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no significant difference to earlier experiments in the same lab that did not use the binary lottery procedure. |
|---|---|
| Item Description: | Gesehen am 18.05.2019 |
| Physical Description: | Online Resource |
| DOI: | 10.11588/heidok.00026438 |