Title |
Lottery-Choice Experiment with a Probability-Based Choice Menu
|
Author |
Charles Holt |
|
Category
|
Information and Uncertainty
|
Type |
Experiment Software |
Description |
This program sets up a series of single-person lottery choices designed to evaluate the effects of payoff scale variations. The probability of the higher payoff in each lottery is systematically varied in a manner that facilitates inferences about the degree of risk aversion. Lottery choices are arrayed in order as the probability of the high payoff is incremented. |
URL |
http://veconlab.econ.virginia.edu/lc/lc.php |
