List construction and lottery presentation modulate multiple price list responses
نویسندگان
چکیده
Multiple price list (MPL) elicitation of risk preferences is familiar through the Holt & Laury (2002) procedure. We assess the impact of varying list order and spacing, and the presentation via text and/or graphics. Some nonlinear transformations of lottery prices systematically increase elicited risk aversion, and graphical displays tend to reduce it, relative to the original MPL.
منابع مشابه
Payoff and Presentation Modulation of Elicited Risk Preferences in MPLs
Since Holt & Laury (2002), the multiple price list (MPL) procedure has been widely used to elicit individual risk preferences. We assess the impact of varying list order and spacing, and of presentation via text or graphs. Relative to the original MPL baseline, some nonlinear transformations of lottery prices systematically increase elicited risk aversion, while some graphical displays tend to ...
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