Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/207638 
Year of Publication: 
2019
Series/Report no.: 
Discussion Paper Series No. 663
Publisher: 
University of Heidelberg, Department of Economics, Heidelberg
Abstract: 
We test whether the binary lottery procedure makes subjects behave as if they are risk neutral in the Holt-Laury and Eckel-Grossman tasks. Depending on the task we find that at most a third of subjects behave as if risk neutral. In fact, when we compare the distribution of choices we find no significant difference to earlier experiments in the same lab that did not use the binary lottery procedure.
Subjects: 
risk elicitation
binary lottery procedure
experimental economics
JEL: 
C91
C81
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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