Add to ORKGThis paper uses the test/retest data from the Holt and Laury (2002) experiment to provide estimates of the measurement error in this popular risk-aversion task. Maximum likelihood estimation suggests that the variance of the measurement error is approximately equal to the variance of the number of safe choices. Simulations confirm that the coefficient on the risk measure in univariate OLS regressions is approximately half of its true value. Unlike measurement error, the discrete transformation of continuous riskaversion is not a major issue. We discuss the merits of a number of different solutions: increasing the number of observations, IV and the ORIV method developed by Gillen et al. (2019)
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk avers...
We compare the consistency of choices in two methods used to elicit risk preferences on an aggregate...
This study measures risk attitudes using two paid experiments: the Holt and Laury (2002) procedure a...
This paper uses the test/retest data from the Holt and Laury (2002) experiment to provide estimates ...
The papers in this thesis cover a variety of ideas. They are united by the common theme of carefully...
International audienceWe report in this paper the result of three experiments on risk, ambiguity and...
Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible lev...
Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible lev...
Using an original dataset collected among motorcyclists in New Delhi (2011), this paper compares thr...
Risk prediction models, developed to estimate the probability of an individual developing a particul...
The paper performs an in-depth comparison of four incentivised risk elicitation tasks. We show by me...
"The Marketing Center."Bibliography: p. R1-3.by Jehoshua Eliashberg, John R. Hauser
We provide an example for an errors in variables problem which might be often neglected but which is...
We propose a new method to elicit individuals' risk preferences. Similar to Holt and Laury (2002), w...
Measurement error biases OLS results. When the measurement error variance in absolute or relative (r...
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk avers...
We compare the consistency of choices in two methods used to elicit risk preferences on an aggregate...
This study measures risk attitudes using two paid experiments: the Holt and Laury (2002) procedure a...
This paper uses the test/retest data from the Holt and Laury (2002) experiment to provide estimates ...
The papers in this thesis cover a variety of ideas. They are united by the common theme of carefully...
International audienceWe report in this paper the result of three experiments on risk, ambiguity and...
Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible lev...
Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible lev...
Using an original dataset collected among motorcyclists in New Delhi (2011), this paper compares thr...
Risk prediction models, developed to estimate the probability of an individual developing a particul...
The paper performs an in-depth comparison of four incentivised risk elicitation tasks. We show by me...
"The Marketing Center."Bibliography: p. R1-3.by Jehoshua Eliashberg, John R. Hauser
We provide an example for an errors in variables problem which might be often neglected but which is...
We propose a new method to elicit individuals' risk preferences. Similar to Holt and Laury (2002), w...
Measurement error biases OLS results. When the measurement error variance in absolute or relative (r...
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk avers...
We compare the consistency of choices in two methods used to elicit risk preferences on an aggregate...
This study measures risk attitudes using two paid experiments: the Holt and Laury (2002) procedure a...