eprintid: 26438
rev_number: 24
eprint_status: archive
userid: 3114
dir: disk0/00/02/64/38
datestamp: 2019-05-17 13:12:52
lastmod: 2019-06-03 13:33:22
status_changed: 2019-05-17 13:12:52
type: workingPaper
metadata_visibility: show
creators_name: Oechssler, Jörg
creators_name: Sofianos, Andis
title: The Binary Lottery Procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks
subjects: 330
divisions: 181000
keywords: risk elicitation, binary lottery procedure, experimental economics
abstract: 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
id_scheme: DOI
id_number: 10.11588/heidok.00026438
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0663
ppn_swb: 1665909579
own_urn: urn:nbn:de:bsz:16-heidok-264389
language: eng
bibsort: OECHSSLERJTHEBINARYL201905
full_text_status: public
series: Discussion Paper Series / University of Heidelberg, Department of Economics
volume: 0663
place_of_pub: Heidelberg
pages: 17
citation:   Oechssler, Jörg ; Sofianos, Andis  (2019) The Binary Lottery Procedure does not induce risk neutrality in the Holt-Laury and Eckel-Grossman tasks.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/26438/6/Oechssler_Sofianos_2019_dp663.pdf