Lab and life: Does risky choice behaviour observed in experiments reflect that in the real world?
Lab and life: Does risky choice behaviour observed in experiments reflect that in the real world?
复制标题
实验室与生活:实验中观察到的风险选择行为是否反映了现实世界中的情况?
DOI:
10.1016/j.jebo.2016.05.009
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发表时间:
2016
影响因子:
2.2
通讯作者:
Verschoor A
中科院分区:
文献类型:
--
作者:
Verschoor A
Risk preferences play a crucial role in a great variety of economic decisions. Measuring risk preferences reliably is therefore an important challenge. In this paper we ask the question whether risk preferences observed in economic experiments reflect real-life risky choice behaviour. We investigate in a sample representative for a rural region of eastern Uganda whether pursuing farming strategies with both a higher expected profit and greater variance of profits is associated with willingness to take risks in an experiment. Controlling for other determinants of risk-taking in agriculture, we find that risky choice behaviour in the experiment is correlated with risky choice behaviour in real life in one domain, i.e. the purchase of fertiliser, but not in other domains, i.e. the growing of cash crops and market-orientation more broadly. Our findings suggest that economic experiments may be good at capturing real-world risky choice behaviour that is narrowly bracketed.
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影响因子:
4.2
作者:
David H. Herberich;J. List
通讯作者:
J. List
影响因子:
5.4
作者:
MACCRIMMON, KR;WEHRUNG, DA
通讯作者:
WEHRUNG, DA
影响因子:
5.1
作者:
Apicella, Coren L.;Dreber, Anna;Little, Anthony C.
通讯作者:
Little, Anthony C.
DOI:
--
发表时间:
1990
期刊:
影响因子:
--
作者:
R. Battalio;J. Kagel;Komain Jiranyakul
通讯作者:
Komain Jiranyakul
DOI:
10.2139/ssrn.1556647
发表时间:
2010
期刊:
Microeconomics: Decision-Making under Risk & Uncertainty eJournal
影响因子:
--
作者:
J. Lönnqvist;M. Verkasalo;G. Walkowitz;P. Wichardt
通讯作者:
P. Wichardt