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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| Vydané v: | Experimental economics : a journal of the Economic Science Association Ročník 28; číslo 2; s. 334 - 353 |
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| Hlavní autori: | , , |
| Médium: | Journal Article |
| Jazyk: | English |
| Vydavateľské údaje: |
01.03.2025
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| ISSN: | 1386-4157, 1573-6938 |
| On-line prístup: | Získať plný text |
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| Shrnutí: | 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. |
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| ISSN: | 1386-4157 1573-6938 |
| DOI: | 10.1017/eec.2025.10022 |