WP 2022-01 Real Choices and Hypothetical Choices

Download Paper

Forthcoming, Handbook of Choice Modeling

AUTHORS: Glenn W. Harrison

ABSTRACT: There is evidence that behavior changes when individuals make choices over hypothetical scenarios and stakes rather than real scenarios and stakes. What is the nature of this evidence, and how significant is it for different types of inferences? In particular,… more »

WP 2021-03 Crowded Out: Heterogeneity in Risk Attitudes Among Poor Households in the US

Download Paper

Download Appendices

Forthcoming, Journal of Risk and Uncertainty

AUTHORS: Arianna Galliera and E. Elisabet Rutström

ABSTRACT: Not much is known about the heterogeneity of risk attitudes among poor households in rich countries. This paper provides estimates from a unique data set collected among the urban poor in Atlanta,… more »

WP 2020-21 A Case Study of an Experiment During the COVID-19 Pandemic: Online Elicitation of Subjective Beliefs and Economic Preferences

Download Paper

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 »

WP 2020-16 Experimental Design and Bayesian Interpretation

Download Paper

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 »

WP 2020-14 Behavioral Welfare Economics and Risk Preferences: A Bayesian Approach

Download Paper

Forthcoming, Experimental Economics

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 »

WP 2016-05 Cumulative Prospect Theory in the Laboratory: A Reconsideration

Download Paper

Forthcoming in G.W. Harrison and D. Ross (eds.), Models of Risk Preferences: Descriptive and Normative Challenges (Bingley, UK: Emerald, Research in Experimental Economics, 2021).

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 »