Search Results - "Lau, Morten"
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1
Discounting behavior: A reconsideration
Published in European economic review (01-10-2014)“…We re-evaluate the theory, experimental design and econometrics behind claims that individuals exhibit non-constant discounting behavior. Theory points to the…”
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Eliciting Risk and Time Preferences
Published in Econometrica (01-05-2008)“…We design experiments to jointly elicit risk and time preferences for the adult Danish population. Since subjects are generally risk averse, we find that joint…”
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The Risk of Gambling Problems in the General Population: A Reconsideration
Published in Journal of gambling studies (01-12-2020)“…We examine the manner in which the population prevalence of disordered gambling has usually been estimated, on the basis of surveys that suffer from a…”
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MULTIATTRIBUTE UTILITY THEORY, INTERTEMPORAL UTILITY, AND CORRELATION AVERSION
Published in International economic review (Philadelphia) (01-05-2018)“…Convenient assumptions about qualitative properties of the intertemporal utility function have generated counterintuitive implications for the relationship…”
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Estimating Risk Attitudes in Denmark: A Field Experiment
Published in The Scandinavian journal of economics (01-06-2007)“…We estimate individual risk attitudes using controlled experiments in the field in Denmark. The experiments were carried out across Denmark using a…”
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Estimating Individual Discount Rates in Denmark: A Field Experiment
Published in The American economic review (01-12-2002)“…Individual discount rates are estimated with respect to time streams of money using controlled laboratory experiments. These discount rates are elicited by…”
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Individual discount rates and smoking: Evidence from a field experiment in Denmark
Published in Journal of health economics (01-09-2010)“…We elicit measures of individual discount rates from a representative sample of the Danish population and test two substantive hypotheses. The first hypothesis…”
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Elicitation using multiple price list formats
Published in Experimental economics : a journal of the Economic Science Association (01-12-2006)“…We examine the properties of a popular method for eliciting choices and values from experimental subjects, the multiple price list format. The main advantage…”
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LOST IN STATE SPACE: ARE PREFERENCES STABLE?
Published in International economic review (Philadelphia) (01-08-2008)“…We use field experiments to examine the temporal stability of risk preferences. Over a 17-month period, we elicited risk preferences from subjects chosen to be…”
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Risk attitudes, randomization to treatment, and self-selection into experiments
Published in Journal of economic behavior & organization (01-06-2009)“…Randomization to treatment is fundamental to statistical control in the design of experiments. However randomization implies some uncertainty about treatment…”
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Small stakes risk aversion in the laboratory: A reconsideration
Published in Economics letters (01-11-2017)“…Evidence of risk aversion in laboratory settings over small stakes leads to a priori implausible levels of risk aversion over large stakes under certain…”
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Information Characteristics and Errors in Expectations: Experimental Evidence
Published in Journal of financial and quantitative analysis (01-04-2017)“…We design an experiment to test the hypothesis that, in violation of Bayes’ rule, some people respond more forcefully to the strength of information than to…”
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13
Discounting Behaviour and the Magnitude Effect: Evidence from a Field Experiment in Denmark
Published in Economica (London) (01-10-2013)“…We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made…”
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14
Disordered Gambling Prevalence: Methodological Innovations in a General Danish Population Survey
Published in Journal of gambling studies (01-03-2018)“…We study Danish adult gambling behavior with an emphasis on discovering patterns relevant to public health forecasting and economic welfare assessment of…”
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15
Subjective Bayesian beliefs
Published in Journal of risk and uncertainty (01-02-2015)“…A large literature suggests that many individuals do not apply Bayes' Rule when making decisions that depend on them correctly pooling prior information and…”
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Preference heterogeneity in experiments: Comparing the field and laboratory
Published in Journal of economic behavior & organization (01-02-2010)“…Do laboratory experiments provide a reliable basis for measuring field preferences? Economists recognize that preferences can differ across individuals, but…”
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Preferences over social risk
Published in Oxford economic papers (01-01-2013)“…We elicit individual preferences over social risk. We identify the extent to which these preferences are correlated with preferences over individual risk and…”
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Risk and time preferences of entrepreneurs: evidence from a Danish field experiment
Published in Theory and decision (01-10-2014)“…To understand how small business entrepreneurs respond to government policy one has to know their risk and time preferences. Are they risk averse, or have high…”
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Subjective belief distributions and the characterization of economic literacy
Published in Journal of behavioral and experimental economics (01-12-2015)“…•We characterize literacy as the subjective beliefs over possible responses to a question.•We elicit subjective belief distributions using incentive-compatible…”
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Dual criteria decisions
Published in Journal of economic psychology (01-04-2014)“…► We consider a dual criteria model from psychology. ► The model is applied to observed choices from a major natural experiment. ► The evidence points to the…”
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