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Estimating risk attitudes in conventional and artefactual lab experiments

We elicit and compare risk preferences from student subjects and subjects drawn from the general population, using the multiple price list method devised by Holt and and Laury (2002). We find evidence suggesting that students have lower relative risk aversion than others.
Authors: Drichoutis, Andreas ; Koundouri, Phoebe
Institutions: Department of International and European Economic Studies, Athens University of Economics and Business (AUEB)
Subject: Risk aversion | CRRA | expo-power | multiple price list
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Type of publication: Book / Working Paper
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Number 1110
Classification: C91 - Laboratory, Individual Behavior ; D01 - Microeconomic Behavior: Underlying Principles ; D81 - Criteria for Decision-Making under Risk and Uncertainty
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Persistent link: https://www.econbiz.de/10008800159
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