Inducing risk-neutral preferences: Further analysis of the data

DOI10.1007/BF01132731zbMATH Open0840.90045MaRDI QIDQ1908001FDOQ1908001

James C. Cox, Ronald L. Oaxaca

Publication date: 4 July 1996

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

zbMATH Keywords

experimental economicsfirst-price, sealed-bid auctionslottery payoff procedurerisk-neutral bidding behavior

Mathematics Subject Classification ID

Individual preferences (91B08) Statistical methods; economic indices and measures (91B82) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Title not available (Why is that?)
• Title not available (Why is that?)
• Least absolute deviations estimation for the censored regression model
• Auction market theory of heterogeneous bidders

Cited In (4)

• Risk-neutral firms can extract unbounded profits from consumers with prospect theory preferences
• Preference reversals and induced risk preferences: evidence for noisy maximization
• Global identification of risk preferences with revealed preference data
• Price formation in double auction markets

   Recommendations

• Bidding `as if' risk neutral in experimental first price auctions without information feedback 👍 👎
• Money does not induce risk neutral behavior, but binary lotteries do even worse 👍 👎
• Explaining overbidding in first price auctions using controlled lotteries 👍 👎
• Multi-dimensional reference-dependent preferences in sealed-bid auctions -- how (most) laboratory experiments differ from the field 👍 👎
• Premium auctions and risk preferences: an experimental study 👍 👎

This page was built for publication: Inducing risk-neutral preferences: Further analysis of the data

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1908001)