TY  - JOUR
KW  - random incentive system
KW  -  isolation
KW  -  independence axiom
KW  -  multiple price list
KW  -  reduction of compound lotteries
KW  -  preference reversals
KW  -  certainty effect.
TI  - Eliciting Risk Preferences using Choice Lists
SP  - 217
UR  - http://qeconomics.org/ojs/index.php/qe/issue/view/121
AV  - public
JF  - Quantitative Economics
EP  - 237
N1  - This is an open access article under the terms of the Creative Commons Attribution?NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes. https://creativecommons.org/licenses/by-nc/3.0/
ID  - discovery10058627
A1  - Kneeland, TL
A1  - Freeman, D
A1  - Halevy, Y
VL  - 10
Y1  - 2019/01//
N2  - We study the effect of embedding pairwise choices between lotteries
within a choice list on measured risk attitude. Using an experiment with online
workers, we find that subjects choose the risky lottery rather than a sure payment
significantly more often when responding to a choice list. This behavior can be rationalized
by the interaction between non-expected utility and the random incentive
system, as suggested by Karni and Safra (1987).
IS  - 1
ER  -