Harrison, Glenn W.; Johnson, Eric; McInnes, Melayne Morgan - 2005
Holt and Laury, AER 2002, develop an experimental design to determine the risk aversion of an individual. They use … their observations to argue that increased incentives appear to change risk attitudes, leading to greater risk aversion … the stakes still affects measured risk aversion, but the effect is only one-half of the apparent effect when one does not …