Bruhin, Adrian; Mata, José; Åstebro, Thomas - 2014
We propose a task for eliciting attitudes towards risk that is close to real world risky decisions which typically … loss with probability 1 − p. We employ finite mixture models to uncover heterogeneity in risk preferences and find that (i … aversion. The procedure is sufficiently simple so that it can be easily used in field or lab experiments where risk elicitation …