• Can the risky investment game predict real world investments? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;05/21, Working paper, 2022)
      The incentivized risky investment game has become a popular tool in lab-in-the-field experiments for its simplicity and ease of comprehension compared to some of the more complex Multiple Choice List approaches that have ...
    • How are social preferences of youth related to their motivation to invest in environmental conservation (local public goods)? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;03/21, Working paper, 2021)
      We have used simple incentivized social preference experiments for a sample of 2427 resource-poor rural youth that have formed natural-resource based youth business groups in their home communities. The experiments were ...
    • How Large is the Endowment Effect in the Risky Investment Game? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;04/21, Working paper, 2021)
      The risky investment game of Gneezy and Potters (1997) has been a popular tool used to estimate risk tolerance and myopic loss aversion. Holden and Tilahun (2021) tested and found that the simple one-shot version of this ...
    • Is diminishing impatience in time-dated risky prospects explained by probability weighting? 

      Holden, Stein T.; Tilahun, Mesfin; Sommervoll, Dag Einar (CLTS Working paper;03/22, Working paper, 2022)
      We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week ...
    • Shocks and Stability of Risk Preferences 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;05/21, Working paper, 2021)
      While economists in the past tended to assume that individual preferences, including risk preferences, are stable over time, a recent literature has developed that indicate that risk preferences respond to shocks. This ...