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 participants behave as if they are risk neutral in the Holt and Laury (2002) and Eckel and Grossman (2002) tasks. Depending on the task, we find that less than half of the participants behave as if risk neutral. In fact, when we compare the distribu...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
19 March 2021
|
| In: |
Journal of economic behavior & organization
Year: 2021, Volume: 185, Pages: 348-369 |
| ISSN: | 1879-1751 |
| DOI: | 10.1016/j.jebo.2021.02.026 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jebo.2021.02.026 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0167268121000937 
|
| Author Notes: | Oliver Kirchkamp, Joerg Oechssler, Andis Sofianos |
MARC
| LEADER | 00000caa a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1760452491 | ||
| 003 | DE-627 | ||
| 005 | 20220819230912.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210615s2021 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1016/j.jebo.2021.02.026 |2 doi | |
| 035 | |a (DE-627)1760452491 | ||
| 035 | |a (DE-599)KXP1760452491 | ||
| 035 | |a (OCoLC)1341415489 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 17 |2 sdnb | ||
| 100 | 1 | |a Kirchkamp, Oliver |d 1962- |e VerfasserIn |0 (DE-588)171520173 |0 (DE-627)061729426 |0 (DE-576)132308347 |4 aut | |
| 245 | 1 | 4 | |a The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks |c Oliver Kirchkamp, Joerg Oechssler, Andis Sofianos |
| 264 | 1 | |c 19 March 2021 | |
| 300 | |a 22 | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 500 | |a Gesehen am 15.06.2021 | ||
| 520 | |a We test whether the binary lottery procedure makes participants behave as if they are risk neutral in the Holt and Laury (2002) and Eckel and Grossman (2002) tasks. Depending on the task, we find that less than half of the participants behave as if risk neutral. In fact, when we compare the distribution of choices, we find no significant difference to standard experiments that did not use the binary lottery procedure. Using a structural model we find modest evidence that the binary lottery procedure might move participants at least slightly towards risk neutrality. | ||
| 650 | 4 | |a Binary lottery procedure | |
| 650 | 4 | |a Experimental economics | |
| 650 | 4 | |a Risk elicitation | |
| 700 | 1 | |a Oechssler, Joerg |e VerfasserIn |0 (DE-588)118045083 |0 (DE-627)509801927 |0 (DE-576)291684483 |4 aut | |
| 700 | 1 | |a Sofianos, Andis |e VerfasserIn |0 (DE-588)1059080923 |0 (DE-627)797940006 |0 (DE-576)415096820 |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of economic behavior & organization |d Amsterdam [u.a.] : Elsevier, 1980 |g 185(2021) vom: Mai, Seite 348-369 |h Online-Ressource |w (DE-627)253781825 |w (DE-600)1460618-5 |w (DE-576)072794445 |x 1879-1751 |7 nnas |a The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks |
| 773 | 1 | 8 | |g volume:185 |g year:2021 |g month:05 |g pages:348-369 |g extent:22 |a The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Kirchkamp, Oliver, 1962 - |t The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks |d 2021 |w (DE-627)176678951X |
| 856 | 4 | 0 | |u https://doi.org/10.1016/j.jebo.2021.02.026 |x Verlag |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 856 | 4 | 0 | |u https://www.sciencedirect.com/science/article/pii/S0167268121000937 |x Verlag |z lizenzpflichtig |3 Volltext |
| 951 | |a AR | ||
| 992 | |a 20210615 | ||
| 993 | |a Article | ||
| 994 | |a 2021 | ||
| 998 | |g 1059080923 |a Sofianos, Andis |m 1059080923:Sofianos, Andis |d 180000 |d 181000 |e 180000PS1059080923 |e 181000PS1059080923 |k 0/180000/ |k 1/180000/181000/ |p 3 |y j | ||
| 998 | |g 118045083 |a Oechssler, Joerg |m 118045083:Oechssler, Joerg |d 180000 |d 181000 |e 180000PO118045083 |e 181000PO118045083 |k 0/180000/ |k 1/180000/181000/ |p 2 | ||
| 999 | |a KXP-PPN1760452491 |e 3938553103 | ||
| BIB | |a Y | ||
| SER | |a journal | ||
| JSO | |a {"type":{"media":"Online-Ressource","bibl":"article-journal"},"note":["Gesehen am 15.06.2021"],"language":["eng"],"recId":"1760452491","person":[{"roleDisplay":"VerfasserIn","display":"Kirchkamp, Oliver","role":"aut","family":"Kirchkamp","given":"Oliver"},{"family":"Oechssler","given":"Joerg","display":"Oechssler, Joerg","roleDisplay":"VerfasserIn","role":"aut"},{"given":"Andis","family":"Sofianos","role":"aut","roleDisplay":"VerfasserIn","display":"Sofianos, Andis"}],"title":[{"title_sort":"binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks","title":"The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks"}],"physDesc":[{"extent":"22 S."}],"relHost":[{"title":[{"title":"Journal of economic behavior & organization","title_sort":"Journal of economic behavior & organization"}],"type":{"bibl":"periodical","media":"Online-Ressource"},"disp":"The binary lottery procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasksJournal of economic behavior & organization","note":["Gesehen am 03.01.11"],"language":["eng"],"recId":"253781825","pubHistory":["1.1980 -"],"part":{"year":"2021","pages":"348-369","volume":"185","text":"185(2021) vom: Mai, Seite 348-369","extent":"22"},"origin":[{"publisherPlace":"Amsterdam [u.a.] ; Amsterdam","dateIssuedKey":"1980","publisher":"Elsevier ; North-Holland Publ. Co.","dateIssuedDisp":"1980-"}],"id":{"issn":["1879-1751","0167-2681"],"zdb":["1460618-5"],"eki":["253781825"]},"physDesc":[{"extent":"Online-Ressource"}]}],"name":{"displayForm":["Oliver Kirchkamp, Joerg Oechssler, Andis Sofianos"]},"origin":[{"dateIssuedKey":"2021","dateIssuedDisp":"19 March 2021"}],"id":{"doi":["10.1016/j.jebo.2021.02.026"],"eki":["1760452491"]}} | ||
| SRT | |a KIRCHKAMPOBINARYLOTT1920 | ||