Work

Measuring risk preferences in field experiments: Proposition of a simplified task

Year: 2015

Type: article

Abstract: Individual risk preferences can serve as an effective control variable in order to describe human decisions and behavior. Due to limited participants' attention and time, using standard procedures may be difficult. This paper hence proposes a risk preference elicitation task, aiming to assess individual risk preferences in experiments conducted outside the lab. The test is evaluated against a well-established task by means of two online experiments comprising a total of 490 participants.

Source: RePEc: Research Papers in Economics

Authors: Timm Teubner, Marc T. P. Adam, Claudia Niemeyer

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W892964035

FWCI: 0.253

Cites:

Cited by: 4

Related to: 10