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

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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 »

WP 2014-04 Risk Attitudes, Sample Selection and Attrition in a Longitudinal Field Experiment

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Forthcoming – Review of Economics and Statistics

AUTHORS: Glenn W. Harrison, Morten I. Lau and Hong Il Yoo

ABSTRACT: We evaluate the temporal stability of risk preferences using a remarkable data set that combines socio-demographic information from the Danish Civil Registry with information on risk attitudes from a longitudinal field experiment.… more »