The lottery-panel task for bi-dimensional parameter-free elicitation of risk attitudes
Identificadores
URI: http://hdl.handle.net/10481/31569Metadatos
Mostrar el registro completo del ítemAutor
García-Gallego, Aurora; Georgantzís, Nikolaos; Jaramillo-Gutiérrez, Ainhoa; Parravano, MelanieEditorial
Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Decision-making Lotteries Risk aversion
Fecha
2010Referencia bibliográfica
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]
Patrocinador
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.Resumen
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.