Measuring risk aversion with lists: a new bias

DOI10.1007/S11238-012-9332-5MaRDI QIDQ2015023zbMATH OpenOpenAlexFDO

Authors Antoni Bosch-Domènech, Joaquim Silvestre

Publication date 18 June 2014

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL http://repec.dss.ucdavis.edu/files/jDE5eCqdkjpBBChD2N8AkGYC/12-23.pdf

zbMATH Keywords

probability weightingrisk aversionexperimentselicitation methodlistsrisk attitudesindependence axiom

Mathematics Subject Classification ID

Decision theory (91B06) Experimental studies (91A90)

Recommendations

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Cites work

• "Expected Utility" Analysis without the Independence Axiom
• Averting risk in the face of large losses: Bernoulli vs. Tversky and Kahneman
• Do the Wealthy Risk More Money? An Experimental Comparison
• Does risk aversion or attraction depend on income? An experiment
• Elicitation using multiple price list formats
• Eliciting von Neumann-Morgenstern Utilities When Probabilities Are Distorted or Unknown
• Just who are you calling risk averse?
• Microeconomic theory
• Prospect theory. For risk and ambiguity.
• Reflections on gains and losses: a \(2 \times 2 \times 7\) experiment
• Risk and rationality: uncovering heterogeneity in probability distortion
• Risk aversion elicitation: reconciling tractability and bias minimization
• Sources of Bias in Assessment Procedures for Utility Functions
• State of the Art—Utility Assessment Methods
• The gain-loss asymmetry and single-self preferences
• “Lottery Equivalents”: Reduction of the Certainty Effect Problem in Utility Assessment

Cited in

(3)

• Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain
• Eliciting risk preferences using choice lists
• Risk aversion elicitation: reconciling tractability and bias minimization

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