Risk Aversion in Experiments

This volume collects essays on the issues that arise in measuring risk aversion in experiments. This literature has exploded in recent years, and there is an urgent need for some synthesis of what has been learned so far. There are four parts: 1. Theoretical issues 2. Elicitation issues 3. Econometric issues 4. Applications The volume has a commissioned review for each of the first three parts, and then regular paper submissions in the fourth part. *Articles written be some of the leading experts in the field. *Covers theoretical issues as well as discussing applications.

Risk Aversion in Experiments
An Introduction Small and Large-Stakes Risk Aversion
Theory and Experiment Risk Aversion in the Laboratory Predicting Risky Choices Out-of-Context
A Critical Stochastic Modeling Primer and Monte Carlo Study Further Reflections on Prospect Theory Measuring Risk Aversion and the Wealth Effect Risk Aversion in the Presence of Background Risk
Evidence from an Economic Experiment Risk Aversion in Laboratory Asset Markets Risk Aversion in Game Shows
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Risk Aversion in Experiments

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