Framing decisions in experiments on higher-order risk preferences

In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings show that individual behavior is influenced by lottery framing but not by display format.

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Year of publication:	2021
Authors:	Haering, Alexander
Publisher:	Essen : RWI - Leibniz-Institut für Wirtschaftsforschung
Subject:	Risk aversion \| prudence \| temperance \| higher-order risk preferences \| lottery framing

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Series:	Ruhr Economic Papers ; 913
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-3-96973-058-4
Other identifiers:	10.4419/96973058 [DOI] 1765403812 [GVK] hdl:10419/236639 [Handle] RePEc:zbw:rwirep:913 [RePEc]
Classification:	C91 - Laboratory, Individual Behavior ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	EconStor

Persistent link: https://www.econbiz.de/10012599184