LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

oTree: Ready-made apps for risk preference elicitation methods

Photo from academic.microsoft.com

Abstract Since the emergence of experimental methods in economics, a variety of methodologies to elicit and classify individual-level risk preferences have evolved. This paper presents ready-to-use software applications for widely… Click to show full abstract

Abstract Since the emergence of experimental methods in economics, a variety of methodologies to elicit and classify individual-level risk preferences have evolved. This paper presents ready-to-use software applications for widely used choice list methodologies for use with oTree, including (i) multiple price lists, (ii) certainty equivalent tests, (iii) staircase methods, and (iv) single choice lists. The parameterization and configuration of different features of a task are administered by specifying predefined variables in a single, thoroughly documented file. All apps feature responsive graphical designs, are prepared for multilingual use, and include predefined “bots” for automated testing. By this means, each task can be implemented in the laboratory, the field, or online within only a few minutes.

Keywords: risk; apps risk; made apps; ready made; otree ready; risk preference

Journal Title: Journal of Behavioral and Experimental Finance
Year Published: 2017

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.