To pay or not to pay: Measuring risk preferences in lab and field

Measuring risk preferences using monetary incentives is costly. In the field, it might be also unfair and unsafe. The commonly used measure of Holt and Laury (2002) relies on a dozen lottery choices and payments, which make it time consuming and expensive. It also raises moral concerns as a result o...

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Bibliographic Details
Published in:	Judgment and decision making Vol. 16; no. 5; pp. 1290 - 1313
Main Authors:	Brañas-Garza, Pablo, Estepa-Mohedano, Lorenzo, Jorrat, Diego, Orozco, Victor, Rascón-Ramírez, Ericka
Format:	Journal Article
Language:	English
Published:	Tallahassee Society for Judgment and Decision Making 01.09.2021 Cambridge University Press
Subjects:	Behavior Data collection Decision making Economics Experiments field experiments Holt Laury Incentives Monetary incentives monetary payoffs Preferences Researchers risk preferences Technology adoption Nigeria Honduras Spain
ISSN:	1930-2975, 1930-2975
Online Access:	Get full text
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