Eliciting Subjective Probability Distributions with Binary Lotteries

Glenn W. Harrison, Jimmy Martínez-Correa, J. Todd Swarthout, Eric R. Ulm

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

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.
Original languageEnglish
JournalEconomics Letters
Volume127
Pages (from-to)68-71
ISSN0165-1765
DOIs
Publication statusPublished - Feb 2015

Cite this

Harrison, Glenn W. ; Martínez-Correa, Jimmy ; Swarthout, J. Todd ; Ulm, Eric R. / Eliciting Subjective Probability Distributions with Binary Lotteries. In: Economics Letters. 2015 ; Vol. 127. pp. 68-71.
@article{570a77b36d25400497161ddef08b8933,
title = "Eliciting Subjective Probability Distributions with Binary Lotteries",
abstract = "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.",
keywords = "Subjective belief distributions, Risk attitudes, Experiments",
author = "Harrison, {Glenn W.} and Jimmy Mart{\'i}nez-Correa and Swarthout, {J. Todd} and Ulm, {Eric R.}",
year = "2015",
month = "2",
doi = "10.1016/j.econlet.2014.12.027",
language = "English",
volume = "127",
pages = "68--71",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",

}

Eliciting Subjective Probability Distributions with Binary Lotteries. / Harrison, Glenn W.; Martínez-Correa, Jimmy; Swarthout, J. Todd; Ulm, Eric R.

In: Economics Letters, Vol. 127, 02.2015, p. 68-71.

Research output: Contribution to journalJournal articleResearchpeer-review

TY - JOUR

T1 - Eliciting Subjective Probability Distributions with Binary Lotteries

AU - Harrison, Glenn W.

AU - Martínez-Correa, Jimmy

AU - Swarthout, J. Todd

AU - Ulm, Eric R.

PY - 2015/2

Y1 - 2015/2

N2 - 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.

AB - 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.

KW - Subjective belief distributions

KW - Risk attitudes

KW - Experiments

UR - http://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954925481602&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

U2 - 10.1016/j.econlet.2014.12.027

DO - 10.1016/j.econlet.2014.12.027

M3 - Journal article

VL - 127

SP - 68

EP - 71

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

ER -