The Fork Game: A Graphical Interface for Eliciting Higher-Order Risk Preferences

We introduce the “Fork Game,” a graphical interface designed to elicit higher-order risk preferences. In this game, participants connect forked pipes to create a final structure. A ball is then dropped into the top opening of this structure and follows a downward path, randomly turning left or right...

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Bibliographic Details
Published in:	Experimental economics : a journal of the Economic Science Association Vol. 28; no. 2; pp. 334 - 353
Main Authors:	Ergin, Emre, Gürdal, Mehmet Yigit, Kuzubaş, Tolga Umut
Format:	Journal Article
Language:	English
Published:	01.03.2025
ISSN:	1386-4157, 1573-6938
Online Access:	Get full text
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Summary:	We introduce the “Fork Game,” a graphical interface designed to elicit higher-order risk preferences. In this game, participants connect forked pipes to create a final structure. A ball is then dropped into the top opening of this structure and follows a downward path, randomly turning left or right at each forked joint. This construction is effectively isomorphic to the apportionment of binary-outcome lotteries, allowing participants to construct complex gambles. Furthermore, the game is easily comprehensible, highly modular, and provides a flexible means of assessing risk aversion, prudence, temperance, and even higher-order risk preferences.
ISSN:	1386-4157 1573-6938
DOI:	10.1017/eec.2025.10022