One technique employed by budget-conscious researchers is to pay only some of the subjects for their choices in an experiment. We test the effect of paying some subjects versus paying all subjects in the context of risk preferences, controlling for the difference in stakes induced by paying only...

One technique employed by budget-conscious researchers is to pay only some subjects for their choices in an experiment, or pay smaller stakes to all subjects. We test the effect of paying some subjects versus paying all subjects in the context of risk preferences, controlling for the difference...