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dc.contributor.authorCrosetto, Paoloen
dc.contributor.authorFilippin, Antonioen
dc.date.accessioned2012-07-31-
dc.date.accessioned2012-09-14T11:08:18Z-
dc.date.available2012-09-14T11:08:18Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/62586-
dc.description.abstractThis paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is also collected. The BRET requires minimal numeracy skills, avoids truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6710en
dc.subject.jelC81en
dc.subject.jelC91en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordrisk aversionen
dc.subject.keywordloss aversionen
dc.subject.keywordelicitation methoden
dc.subject.stwRisikoaversionen
dc.subject.stwVerlusten
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwTesten
dc.subject.stwRisikopräferenzen
dc.titleThe "bomb" risk elicitation task-
dc.typeWorking Paperen
dc.identifier.ppn720410606en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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