Framing decisions in experiments on higher-order risk preferences

Arbeitspapier

In this study I analyze how lottery framing and lottery display type affect the degree of higher-order risk preferences. I explore differences by comparing reduced and compound lottery framing, and by comparing lotteries in an urn-style and in a spinner-style display format. Overall, my findings show that individual behavior is influenced by lottery framing but not by display format.

Object Details

• ISBN: 978-3-96973-058-4
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Ruhr Economic Papers ; No. 913

Classification and Topics

• Classification: Wirtschaft ; Design of Experiments: Laboratory, Individual ; Criteria for Decision-Making under Risk and Uncertainty
• Subject: Risk aversion ; prudence ; temperance ; higher-order risk preferences ; lottery framing

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Haering, Alexander
• Event: Veröffentlichung
• (who): RWI - Leibniz-Institut für Wirtschaftsforschung
• (where): Essen
• (when): 2021

Further information

• DOI: doi:10.4419/96973058
• Handle: http://hdl.handle.net/10419/236639
• Last update: 10.03.2025, 11:44 AM CET