AUTHORS: Glenn W. Harrison, Morten I. Lau, Don Ross
ABSTRACT: We examine the manner in which the population prevalence of disordered gambling has usually been estimated, on the basis of surveys that suffer from a potential sample selection bias. General population surveys screen… more »
Published in 2016 in Journal of Cognition and Culture, Volume 16, Issue 5.
AUTHORS: Glenn W. Harrison and Don Ross
ABSTRACT: The Internet and social media have opened niches for political exploitation of human dispositions to hyper-alarmed states that amplify perceived threats relative to their objective probabilities of occurrence. Researchers should… more »
Published in Journal of Economic Methodology, Volume 25, Issue 1.
AUTHORS: Glenn W. Harrison and Don Ross
ABSTRACT: A principal source of interest in behavioral economics has been its advertised contributions to policies aimed at ‘nudging’ people away from allegedly natural but self-defeating behavior toward patterns of response thought more likely… more »
Forthcoming in G.W. Harrison and D. Ross (eds.), Models of Risk Preferences: Descriptive and Normative Challenges (Bingley, UK: Emerald, Research in Experimental Economics, 2023).
AUTHORS: Glenn W. Harrison and J. Todd Swarthout
ABSTRACT: We take Cumulative Prospect Theory (CPT) seriously by rigorously estimating structural models using the full set of CPT… more »
Published in 2017 in Economic Letters, Volume 160.
AUTHORS: Glenn W. Harrison, Morten I. Lau, Don Ross, J. Todd Swarthout
ABSTRACT: Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible levels of risk aversion over large stakes under certain assumptions. One core assumption in statements… more »
Published in 2016 in The Journal of Risk and Insurance, Volume 83, Issue 1.
AUTHORS: Glenn W. Harrison and Andreas Richter
ABSTRACT: The generic insurance product involves an agent giving up a certain amount of money ex ante some risky event in the expectation of being given some money in the future if… more »
Published in 2019 in Journal of Economic Behavior and Organization, Volume 164.
AUTHORS: Lata Gangadharan, Glenn W. Harrison and Anke D. Leroux
ABSTRACT: Understanding decisions in situations involving multiple risks is vital in many contexts, including the provision of aid to developing countries. Aid typically involves trade-offs over multiple, desirable, but risky… more »
Published in 2018 in Southern Economic Journal, Volume 85, Issue 2.
AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Don Ross, and J. Todd Swarthout
ABSTRACT: There is a rich theoretical literature in economics which models habit-forming behaviors, of which addiction is the exemplar, but there is a paucity of experimental economic studies eliciting… more »
Published in 2016 in The Journal of Risk and Insurance, Volume 83, Issue 1.
AUTHORS: Glenn W. Harrison and Jia Min Ng
ABSTRACT: Economic theory tells us how to evaluate the expected welfare gain from insurance products on offer to individuals. If we know the risk preferences of the individual, and subjective beliefs… more »