WP 2014-07 Risk and Time Preferences of Entrepreneurs: Evidence from a Danish Field Experiment

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Published in 2014 in Theory & Decision, Volume 77, Issue 3.

AUTHORS: Steffen Andersen, Amalia Di Girolamo, Glenn W. Harrison, Morten I. Lau

ABSTRACT: To understand how small business entrepreneurs respond to government policy one has to know their risk and time preferences. Are they risk averse, or have high discount rates, such… more »

WP 2012-01 Experimental Payment Protocols and the Bipolar Behaviorist

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Published in 2014 in Theory and Decision, Volume 77, Issue 3.

AUTHORS: Glenn W. Harrison and J. Todd Swarthout

ABSTRACT. If someone claims that individuals behave as if they violate the independence axiom when making decisions over simple lotteries, it is invariably on the basis of experiments and theories that must assume… more »

WP 2010-17 Inferring Beliefs as Subjectively Uncertain Probabilities

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Published in 2012 in Theory and Decision, Volume 73, Issue 1.

AUTHORS: Steffen Andersen, John Fountain, Glenn W. Harrison, Arne Risa Hole, and E. Elisabet Rutström

ABSTRACT. We propose a method for estimating subjective beliefs, viewed as a subjective probability distribution. The key insight is to characterize beliefs as a parameter to… more »

WP 2010-07 Non-Linear Mixed Logit

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Published in 2012 in Theory and Decision, Volume 73, Issue 1.

AUTHORS: Steffen Andersen, Glenn W. Harrison, Arne Risa Hole, Morten Lau, and E. Elisabet Rutström

ABSTRACT. We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters.… more »