Framing decisions in experiments on higher-order risk preferences

Alexander Haering

No 913, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings show that individual behavior is influenced by lottery framing but not by display format.

Keywords: Risk aversion; prudence; temperance; higher-order risk preferences; lottery framing (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-isf, nep-rmg and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:913

DOI: 10.4419/96973058

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