Forthcoming, Journal of the Economic Science Association
AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider and J. Todd Swarthout
ABSTRACT: We convey our experiences developing and implementing an online experiment to elicit subjective beliefs and economic preferences. The COVID-19 pandemic and associated closures of our… more »
AUTHORS: Glenn W. Harrison, Andre Hofmeyr, Harold Kincaid, Brian Monroe, Don Ross, Mark Schneider, J. Todd Swarthout
ABSTRACT: Subjective belief elicitation about uncertain events has a long lineage in the economics and statistics literatures. Recent developments in the experimental elicitation and statistical estimation… more »
AUTHORS: Don Ross, Wynn C. Stirling, and Luca Tummolini
ABSTRACT: The study of social norms sprawls across all of the social sciences. Consequently, the concept lacks a unified conception, let alone a generally acknowledged formal theory. We aim to synthesize an account that can be applied generally, at the social… more »
ABSTRACT: We present two methods for estimating Random Preference (RP) models of risk attitudes. Our first method is intended for any class of RP models, including those addressing multidimensional risk attitudes as per non-expected utility theories. Existing methods cannot be used to… more »
*Note that this is an older version of this paper. There have been considerable changes since this version, and we have posted the new version as WP 2021-08 Should I Stay or Should I Go?
Prepared for H. Kincaid and D. Ross (eds.), Modern Guide to the Philosophy of Economics (Cheltenham, UK: Elgar, forthcoming 2021).
AUTHORS: Glenn W. Harrison
ABSTRACT: If we take seriously the intent to improve welfare for individuals with experimental interventions, then we must allow that we are also capable of doing… more »
AUTHORS: Xiaoxue Sherry Gao, Glenn W. Harrison and Rusty Tchernis
ABSTRACT: Risk preferences play a central role in many descriptive and normative inferences about economic behavior. It is natural to expect that risk preference are heterogeneous. We evaluate a series of Bayesian econometric models that allow for different levels of… more »
AUTHORS: Xiaoxue Sherry Gao, Glenn W. Harrison and Rusty Tchernis
ABSTRACT: We propose the use of Bayesian estimation of risk preferences of individuals for applications of behavioral welfare economics to evaluate observed choices that involve risk. Bayesian estimation provides more systematic control of the use of informative… more »
ABSTRACT: The probability discounting model has become a popular framework for investigating choice under risk in psychology. But it is not clear how the model relates to standard theories of choice under risk, such as expected utility theory and prospect theory. I critically review the theoretical development… more »
AUTHORS: Glenn Harrison, Karlijn Morsink, and Mark Schneider
ABSTRACT: The principle of “do no harm” has long been established in the medical field in relation to proposed new drugs, procedures and devices. In that setting, we expect tests of clinical efficacy before the effectiveness of interventions are tested in the… more »
