Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62586
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dc.contributor.authorCrosetto, Paoloen_US
dc.contributor.authorFilippin, Antonioen_US
dc.date.accessioned2012-07-31en_US
dc.date.accessioned2012-09-14T11:08:18Z-
dc.date.available2012-09-14T11:08:18Z-
dc.date.issued2012en_US
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_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit |x6710en_US
dc.subject.jelC81en_US
dc.subject.jelC91en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordrisk aversionen_US
dc.subject.keywordloss aversionen_US
dc.subject.keywordelicitation methoden_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwVerlusten_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwTesten_US
dc.subject.stwRisikopräferenzen_US
dc.titleThe "bomb" risk elicitation tasken_US
dc.typeWorking Paperen_US
dc.identifier.ppn720410606en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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