No . 4663 Measuring Individual Risk Attitudes in the Lab : Task or Ask ? An Empirical Comparison

@inproceedings{Lnnqvist2010No4,
  title={No . 4663 Measuring Individual Risk Attitudes in the Lab : Task or Ask ? An Empirical Comparison},
  author={Jan-Erik L{\"o}nnqvist and Markku Verkasalo and Gari Walkowitz and Philipp C. Wichardta},
  year={2010}
}
This paper compares two prominent empirical measures of individual risk attitudes the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) with respect to (a) their within-subject stability over time (one year) and (b) their correlation with actual risk-taking behaviour in the lab here the amount sent in a trust game (Berg, Dickaut, McCabe, 1995). As it turns out, the measures themselves are uncorrelated… CONTINUE READING
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