The Impact of Incentives upon Risky Choice Experiments.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 1997
Volume: 14
Issue: 2
Pages: 155-68

Authors (2)

Beattie, Jane (not in RePEc) Loomes, Graham

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Much of the evidence raising doubts about expected utility theory (EUT) comes from experiments involving hypothetical decisions. Most of the rest of the evidence comes from experiments where respondents are asked to make a large number of decisions, knowing that only one of these will provide the basis for payment. Concerns have often been expressed about the "realness" of such data, and their reliability as a basis for criticizing EUT and promoting alternative theories. The present article reviews this debate and reports new experimental results that directly address this issue. Copyright 1997 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:14:y:1997:i:2:p:155-68
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25