Habib, Sameh Friedman, Daniel Crockett, Sean James, Duncan
Year of Publication:
WZB Discussion Paper SP II 2015-501
We introduce new graphical displays that present binary choice lotteries via three dimensional rotating pie charts whose heights represent the prize amounts. We compare four graphical versions to the original text-only Holt & Laury (2002) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for the graphical displays.
Multiple Price List Elicitation Risk Aversion Experiment