book chapterResearch in experimental economicsJun 15, 2008Closed access

Risk Aversion in the Laboratory

GWGlenn W. HarrisonEEE. Elisabet Rutström
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Abstract

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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643
total citations
FWCI
38.27
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100%
References
228
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2

Topics & keywords

Topics
Keywords
  • Strengths and weaknesses
  • Risk aversion (psychology)
  • Psychology
  • Risk analysis (engineering)
  • Actuarial science
  • Economics
  • Social psychology
  • Business
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