We test in a laboratory experiment the theoretical prediction that risk attitudes have a surprisingly small role in distorting reports from true belief distributions. We find evidence consistent with theory in our experiment.
- Subjective belief distributions
- Risk attitudes
Harrison, G. W., Martínez-Correa, J., Swarthout, J. T., & Ulm, E. R. (2015). Eliciting Subjective Probability Distributions with Binary Lotteries. Economics Letters, 127, 68-71. https://doi.org/10.1016/j.econlet.2014.12.027