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Which measures predict risk taking in a multi-stage controlled decision process?

Bachmann, Kremena; Hens, Thorsten; Stössel, Remo - 2017

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions after receiving outcome information on previous decisions....

Persistent link: https://www.econbiz.de/10011874728

Experts in Experiments : How Selection Matters for Estimated Distributions of Risk Preferences

von Gaudecker, Hans-Martin - 2011

the external validity of standard experiments: Sampling from a narrowly defined population of students ("experimenter …-induced selection") and self-selection of participants into the experiment. We find that both types of selection lead to a sample of …, sampling from a student population leads to lower estimates of average risk aversion and loss aversion parameters. Furthermore …

Persistent link: https://www.econbiz.de/10013128213

Ambiguity Attitudes in a Large Representative Sample

Dimmock, Stephen G. - 2015

Using a theorem showing that matching probabilities of ambiguous events can capture ambiguity attitudes, we introduce a tractable method for measuring ambiguity attitudes and apply it in a large representative sample. In addition to ambiguity aversion, we confirm an ambiguity component recently...

Persistent link: https://www.econbiz.de/10013037844

Accounting for Uncertainty in Decision Weights for Experimental Elicitation of Risk Preferences

Turner, Dylan; Landry, Craig E. - 2021

In the generalized expected utility framework, the multiplicative relationship between preferences and beliefs complicates the identification of risk preferences. In experimental or field settings, the respondent's decision weight must be known with certainty to confidently infer accurate...

Persistent link: https://www.econbiz.de/10013219819

The predictive power of risk elicitation tasks

Garagnani, Michele - 2020

This work reports an online experiment with a general-population sample examining the performance of budget …

Persistent link: https://www.econbiz.de/10012292131

Mindfulness, preferences and well-being : mindfulness predicts adolescents' field behaviour

Lima de Miranda, Katharina - 2019

Mindfulness could influence economic and health related behaviour by bringing about increased and unbiased attention to the present moment, for example to a decision making process. This study explores the relationship between mindfulness and economic preferences, and consequently well-being, of...

Persistent link: https://www.econbiz.de/10011998794

Multiple-item risk measures

Menkhoff, Lukas; Sakha, Sahra - 2014

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large household survey. We find overall positive correlation between items and low explanatory power in terms of behavior. Using an average of seven risk elicitation...

Persistent link: https://www.econbiz.de/10010461230