title: The Binary Lottery Procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks
creator: Oechssler, Jörg
creator: Sofianos, Andis
subject: 330
subject: 330 Economics
description: We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no significant difference to earlier experiments in the same lab that did not use the binary lottery procedure.
date: 2019-05
type: Working paper
type: info:eu-repo/semantics/workingPaper
type: NonPeerReviewed
format: application/pdf
identifier: https://archiv.ub.uni-heidelberg.de/volltextserverhttps://archiv.ub.uni-heidelberg.de/volltextserver/26438/6/Oechssler_Sofianos_2019_dp663.pdf
identifier: DOI:10.11588/heidok.00026438
identifier: urn:nbn:de:bsz:16-heidok-264389
identifier:   Oechssler, Jörg ; Sofianos, Andis  (2019) The Binary Lottery Procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks.  [Working paper]     
relation: https://archiv.ub.uni-heidelberg.de/volltextserver/26438/
rights: info:eu-repo/semantics/openAccess
rights: http://archiv.ub.uni-heidelberg.de/volltextserver/help/license_urhg.html
language: eng