Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure

By Lisa R. Anderson, J. Mellor. 2008

224 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/aa3398e33c07da00c0222c74682433c9b8a6b0f9

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Citations in the corpus

Measuring the time stability of Prospect Theory preferences (2010, unknown): “Kruse and Thompson (2003) Bleichrodt et al. (2007) Harbaugh et al. (2007) Anderson and Mellor (2009) Berg et al. (2005) Abdellaoui et al. (2007a)”
Risk aversion relates to cognitive ability: Preferences or Noise? (2016, background): “…grades) and risk aversion in sample of children and adolescents in Austria, and that the experimental risk measures are at best weak predictors of field behavior such as smoking and drinking. properly control for behavioral noise (see e.g. Jacobsen and Petrie 2009 and Anderson and Mellor 2009).”
Stability of risk preference measures: results from a field experiment on French farmers (2012, background): “For some authors, the reason of this instability should be attributed to differences in cognitive difficulty across elicitation methods, Anderson and Mellor (2008) or Dave et al. (2007). The results obtained by Deck et al.”
Risk preferences and pesticide use by cotton farmers in China (2013, background): “One is to rely on the assumption of objective function and advanced econometric technique to impute the coefficient of risk aversion that will fit the model (Antle, 1988; Saha, Shumway, & Talpaz, 1994; Chavas & Holt, 1996). For example, if a farmer deviates from profit-maximizing production input ch”
Risk perceptions, preferences and management strategies: evidence from a case study using German livestock farmers (2017, result): “Consequentially, our findings point toward possible improvements to earlier studies on farmers’ risk preferences that reveal high between method inconsistencies for non-contextualized MPL settings (e.g. Anderson and Mellor 2009; Menapace, Colson, and Raffaelli 2015; Reynaud and Couture 2012).”
Experimental methods: Eliciting risk preferences (2013, unknown): “Anderson and Mellor (2009) Real and hypo No correlation between risk preferences elicited using questionnaires and MPL method Students M > F Yes”
Microfoundations of Social Capital (2012, unknown): “6 The validation of survey measures by experimental measures has spurred recent interest in the context of risk preferences, see Anderson and Mellor (2009), Ding et al. (2010), Dohmen et.”
Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison (2015, unknown): “This notwithstanding, the correlation between experimental and questionnaire / survey measures again tends do be weaker than what one might have hoped for (see, for example, Anderson and Mellor, 2009) – thereby also raising questions about the stability of the preferences thus expressed. In the pres”