Learning your own risk preferences

Do people know their own risk preferences, or do risk choices change with experience and observation? We provide a straightforward test in the laboratory. People make an initial decision concerning a lottery choice and then experience 24 unpaid practice periods in which they roll the dice, record th...

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Bibliographic Details
Published in:	Journal of risk and uncertainty Vol. 67; no. 1; pp. 1 - 19
Main Authors:	Charness, Gary, Chemaya, Nir, Trujano-Ochoa, Dario
Format:	Journal Article
Language:	English
Published:	New York Springer US 01.08.2023 Springer Nature B.V
Subjects:	Affect (Psychology) Changes Decision making Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Elicitation Endowment Environmental Economics Expected values Experience Experimental methods Hypotheses Learning Lotteries Microeconomics Operations Research/Decision Theory Preferences Research methodology Risk Risk aversion Risk preferences Unpaid Experience Uncertainty B49 C91 Risk preferences Experimental methodology D81 C81 D91 D83
ISSN:	0895-5646, 1573-0476
Online Access:	Get full text
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