Pay One or Pay All: Random Selection of One Choice for Payment

By S. Laury. 2005

144 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/2eb802e7061324dce75d409e7e8fb02c5560e2e3

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Citations in the corpus

Paradoxes and mechanisms for choice under risk (2014, unknown): “However, studies using PAS in experiments with decisions under risk that tested for wealth effects reported they were insignificant (Cox and Epstein, 1989; Cox and Grether, 1996; Laury, 2006).”
Consistency of Higher Order Risk Preferences (2012, unknown): “See for example Starmer and Sugden (1991), Laury (2005), Harrison and Swarthout (2012) and Harrison, Martinez-Correa and Swarthout (2012).”
The Fourfold Pattern of Risk Attitudes in Choice and Pricing Tasks (2010, background): “More recently Holt and Laury (2002) conduct a direct comparison of decisions for hypothetical and real lotteries over gains and find that people appear more risk-seeking when faced with hypothetical rather than real gambles.”
Paying to Be Nice: Consistency and Costly Prosocial Behavior (2011, unknown): “…whereas Receivers 2 The practice of randomly selecting participants for payment has been used in several investigations in both psychology and economics (e.g., Erat and Gneezy 2012, Mazar and Zhong 2010) and is conceptually similar to alternate schemes that have been used successfully (Laury 2006).”
Decomposing trust and trustworthiness (2006, methodology): “For example, Brandts and Charness (2000) suggest that the strategy method does not affect behavior differently from the choice method and Laury (2002) presents evidence supporting the validity of the random-choice payments method.”
Comparing Small‐Group and Individual Behavior in Lottery‐Choice Experiments (2007, unknown): “Section 3: Experimental Procedures The experimental procedure followed Holt and Laury (2002), Holt and Laury (2005), and Laury (2002).”
Experimental methods: Eliciting risk preferences (2013, unknown): “Laury (2006) Yes No significant difference found when risk preferences are elicited using the random-choice payment method or subjects are paid for every decision Students M = F Yes”
Naturally Occurring Preferences and Exogenous Laboratory Experiments: A Case Study of Risk Aversion (2007, methodology): “Laury (2005) reported one laboratory experiment that tests this directly in an environment that shares similarities with our experiment.”
The 7R polymorphism in the dopamine receptor D4 gene (DRD4) is associated with financial risk taking in men (2009, methodology): “Finally, the validity of the commonly used experimental procedure where subjects play multiple rounds during an experiment and with one round being randomly selected for payment was recently tested (Laury, 2006).”
Exploring Higher-Order Risk Effects (2010, background): “11 Laury (2005) demonstrates that subjects do not discount the payoffs by the probability of the task being selected.”