8 - Risk and Uncertainty Flashcards
Eckel & Wilson (2004) examines the relationship between ___ and the ___ an anonymous partner
risk attitudes
decision to trust
Did Eckel & Wilson (2004) find a statistical relationship between behavioural risk measures and the decision to trust?
No
What subject are you studying just now?
Risk and Uncertainty
Which paper suggests that trust decisions are not tightly connected to a person’s risk attitudes? and they lend support to the “trust” interpretation of decisions in investment games
Houser et al. (2010)
When was Eckel and Wilson published?
2004
Which paper suggests that trust decisions lend support to the “trust” interpretation of decisions in investment games?
Houser et al. (2010)
Which paper is a meta-analysis of risk elicitation methods?
Charness et al. (2013)
When was Harrison and Rutstrom published?
2008
How many treatments were used in Houser et al (2010)?
4 treatments
When was Charness et al. published?
2013
Which paper investigates the role of risk attitudes for trusting decisions?
Houser et al. (2010)
What is a weakness of the multiple price list?
it might suggest a FRAME that encourages subjects to select the MIDDLE ROW, contrary to their unframed risk preferences
Which paper consists of a series of laboratory experiments that focus on two-person sequential, binary trust games?
Eckel & Wilson (2004)
Did Eckel & Wilson (2004) find a statistical relationship between risk measured from surveys and the decision to trust?
Yes, it was weak and required inclusion of additional control variables
Houser et al. (2010) presents the first rigorous evidence of 2 points. What were they?
- aggregate investment distributions differ significantly between trust and risk environments.
- risk attitudes predict individual investment decisions in risk games but not in the corresponding trust games.
