Book cover for Risk Aversion in Experiments
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Research in Experimental Economics
Risk Aversion in Experiments
Edited by
James C. Cox
James C. Cox
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Glenn W. Harrison
Glenn W. Harrison
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Author and Other Information
Emerald Group Publishing Limited
Volume
12
DOI:
https://doi.org/10.1016/S0193-2306(2008)12
ISBN electronic:
978-1-84950-547-5
ISBN print:
978-0-76231-384-6
Series ISSN:
0193-2306
Publication date:
2008
Book Chapter

Risk Aversion in the Laboratory

By
Glenn W. Harrison;
Glenn W. Harrison
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E. Elisabet Rutström
E. Elisabet Rutström
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Author and Other Information
Glenn W. Harrison
E. Elisabet Rutström
© Emerald Group Publishing Limited
2008
Doi:
https://doi.org/10.1016/S0193-2306(08)00003-3
  • Published:
    2008
© Emerald Group Publishing Limited
2008

We review the experimental evidence on risk aversion in controlled laboratory settings. We review the strengths and weaknesses of alternative elicitation procedures, the strengths and weaknesses of alternative estimation procedures, and finally the effect of controlling for risk attitudes on inferences in experiments.

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