Subjective beliefs are crucial for economic inference, yet behavior can challenge the
elicitation. We propose that belief elicitation should be incentive compatible not only …

Evidence shows that people's preference for risk changes considerably when measured
using different methods, which led us to question whether the common practice of using a …

This paper reconsiders the wide agreement that females are more risk averse than males.
We survey the existing experimental literature, finding that significance and magnitude of …

The paper performs an in-depth comparison of four incentivised risk elicitation tasks. We
show by means of a simulation exercise that part of the often observed heterogeneity of …

We compare two different elicitation methods for measuring risk attitudes on a sample of
French farmers. We consider the lottery tasks initially proposed by Holt and Laury (Econ Rev …

Belief elicitation is central to inference on economic decision making. The recently
introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals …

Compliance with laws and regulations depends on the expected penalty facing violators.
The expected penalty depends on both the probability of punishment and the severity of the …

Prospect Theory (PT) is widely regarded as the most promising descriptive model for
decision making under uncertainty. Various tests have corroborated the validity of the …

With the rise of experimental research in the social sciences, numerous methods to elicit and
classify people's risk attitudes in the laboratory have evolved. However, evidence suggests …

Multiple price lists have emerged as a simple and popular method for eliciting risk
preferences. Despite their popularity, a key downside of multiple price lists has not been …