How to reveal people's preferences : comparing time consistency and predictive power of multiple price list risk elicitation methods

Tamás Csermely, Alexander Rabas

In the first paper we give a holistic overview and comparison of all risk elicitation methods used today, and recommend that a derivation of Holt and Laury’s (2002) well-known method, where the high payoff instead of the probabilites are varied, should be used as it emerges as the best method in the dimensions of forecast accuracy and stability.

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Year of publication:	2017
Authors:	Csermely, Tamás ; Rabas, Alexander
Published in:	Essays in experimental economics. - Vienna. - 2017, p. 7-49
Subject:	Risk \| Multiple Price List \| MPL \| Revealed Preferences \| Risikopräferenz \| Risk attitude \| Offenbarte Präferenzen \| Revealed preferences \| Messung \| Measurement \| Experimentelle Ökonomik \| Experimental economics

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz im Buch ; Book section
Language:	English
Other identifiers:	10.25365/thesis.48260 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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