Eliciting risk preferences: text vs. graphical multiple price lists

Habib, Sameh; Friedman, Daniel; Crockett, Sean; James, Duncan

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@book{ Habib2015,
 title = {Eliciting risk preferences: text vs. graphical multiple price lists},
 author = {Habib, Sameh and Friedman, Daniel and Crockett, Sean and James, Duncan},
 year = {2015},
 series = {Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Forschungsprofessur Market Design: Theory and Pragmatics},
 pages = {13},
 volume = {SP II 2015-501},
 address = {Berlin},
 publisher = {Wissenschaftszentrum Berlin für Sozialforschung gGmbH},
 abstract = {We introduce new graphical displays that present binary choice lotteries via three dimensional rotating pie charts whose heights represent the prize amounts. We compare four graphical versions to the original text-only Holt & Laury (2002) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for the graphical displays. (author's abstract)},
 keywords = {Preis; price; Risikoverhalten; risk behavior; Experiment; experiment; Risiko; risk; Präferenz; preference; Parameter; parameter}}