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Cataloged Resource Summary

 

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
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