Risk Aversion in Laboratory Asset Markets

We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in a replicated, structured way. Inferences are generally confounded by the subjective assessment of skill in some games, and the dynamic nature of the task in most games. We consider the game shows Card Sharks, Jeopardy!, Lingo, and finally Deal Or No Deal. We provide a detailed case study of the analyses of Deal Or No Deal, since it is suitable for inference about risk attitudes and has attracted considerable attention.


Published in:
Risk Aversion in Experiments, 12, 12, 342-350
Year:
2008
Publisher:
JAI Press, Research in Experimental Economics
Keywords:
Laboratories:




 Record created 2008-03-12, last modified 2018-09-13


Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)