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Timm Teubner, Marc T. P. Adam and Claudia Niemeyer
 
''Measuring risk preferences in field experiments: Proposition of a simplified task''
( 2015, Vol. 35 No.3 )
 
 
Individual risk preferences can serve as an effective control variable in order to describe human decisions and behavior. Due to limited participants' attention and time, using standard procedures may be difficult. This paper hence proposes a risk preference elicitation task, aiming to assess individual risk preferences in experiments conducted outside the lab. The test is evaluated against a well-established task by means of two online experiments comprising a total of 490 participants.
 
 
Keywords: risk preference elicitation, lottery choice, field experiments
JEL: D8 - Information, Knowledge, and Uncertainty: General
C9 - Design of Experiments: General
 
Manuscript Received : Mar 18 2015 Manuscript Accepted : Jul 11 2015

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