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Economic Category:
Information and Uncertainty
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Content Type:
Experiment Software
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Search Terms:
allais,
lottery
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1.
The Allais Paradox
This online experiment will ask you to indicate your prefences over two sets of potential gambles. When you have completed the experiment, your results and a discussion will be presented. [Details...]
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2.
Lottery-Choice Experiment with a Probability-Based Choice Menu
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. [Details...]
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