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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/31569

Title: The lottery-panel task for bi-dimensional parameter-free elicitation of risk attitudes
Authors: García-Gallego, Aurora
Georgantzís, Nikolaos
Jaramillo-Gutiérrez, Ainhoa
Parravano, Melanie
Issue Date: 2010
Abstract: We propose a simple task for the elicitation of risk attitudes, initially used in Sabater-Grande and Georgantzís (2002) [SGG], capturing two dimensions of individual decision making: subjects’ average willingness to choose risky projects and their sensitivity towards variations in the return to risk. We report results from a large dataset obtained from the test and discuss regularities and the desirability of its bi-dimensionality when used to explain behaviour in other contexts.
Sponsorship: Financial support by Bancaixa (P1 1B2007‐14) and the Spanish Ministry of Science and Innovation (SEJ2008/04636/ECON). Georgantzís acknowledges financial support by the Junta de Andalucía (P07‐SEJ‐03155) and the hospitality at LEM, Paris II.
Publisher: Universidad de Granada. Departamento de Teoría e Historia Económica
Series/Report no.: The Papers;10/12
Keywords: Decision-making
Lotteries
Risk aversion
URI: http://hdl.handle.net/10481/31569
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: García-Gallego, A.; et al. The lottery-panel task for bi-dimensional parameter-free elicitation of risk attitudes. Universidad de Granada. Departamento de Teoría e Historia Económica (2010). (The Papers; 10/12). [http://hdl.handle.net/10481/31569]
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