Within-Subject Intra- and Inter-Method Consistency of Two Experimental Risk Attitude Elicitation Methods

Uwe Dulleck, Jonas Fooken and Jacob Fell

German Economic Review, 2015, vol. 16, issue 1, 104-121

Abstract: type="main" xml:id="geer12043-abs-0001">

We compare the consistency of choices in two methods used to elicit risk preferences on an aggregate as well as on an individual level. We ask subjects to choose twice from a list of nine decisions between two lotteries, as introduced by Holt and Laury ) alternating with nine decisions using the budget approach introduced by Andreoni and Harbaugh ( ). We find that, while on an aggregate (subject pool) level the results are consistent, on an individual (within-subject) level, behaviour is far from consistent. Within each method as well as across methods we observe low (simple and rank) correlations.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1111/geer.2015.16.issue-1 (text/html)
Access to full text is restricted to subscribers.

Related works:
Journal Article: Within-Subject Intra- and Inter-Method Consistency of Two Experimental Risk Attitude Elicitation Methods (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:germec:v:16:y:2015:i:1:p:104-121

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1465-6485

Access Statistics for this article

German Economic Review is currently edited by Bernhard Felderer, Joseph F. Francois, Ivo Welch, Urs Schweizer and David E. Wildasin

More articles in German Economic Review from Verein für Socialpolitik Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().