Publication: The predictive power of risk elicitation tasks
The predictive power of risk elicitation tasks
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Garagnani, M. (2020). The predictive power of risk elicitation tasks (No. 362; Working Paper Series / Department of Economics). https://www.econ.uzh.ch/en/research/workingpapers.html?paper-id=1044
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This work reports an online experiment with a general-population sample examining the performance of budget-choice tasks for elicitation of risk attitudes. First, I compare the investment task of Gneezy and Potters (1997) with the standard choicelist method of Holt and Laury (2002), and evaluate their performance in terms of the number of correctly-predicted binary decisions in a set of out-of-sample lottery choices. There are no significant differences between the tasks in this sense, and performance is modest. Second, I included thr
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Garagnani, M. (2020). The predictive power of risk elicitation tasks (No. 362; Working Paper Series / Department of Economics). https://www.econ.uzh.ch/en/research/workingpapers.html?paper-id=1044
