Arbeitspapier
Multiple switching behavior in different display formats of multiple price lists
A common approach to elicit risk attitude is the multiple price list with a series of binary choices. However, a frequently observed problem when using multiple price lists is that participants switch more than once from the safer to the riskier option, thus exhibiting multiple switching behavior. The present study analyzes whether the visualization of different multiple price lists reduce multiple switching behavior. Therefore, we conduct two types of multiple price lists in two different display formats. Participants are randomly assigned into a textual or a visual group and carry out both multiple price lists in the corresponding display format. Our results reveal that different types of multiple price lists lead to differences in the extent of multiple switching behavior. Moreover, we show that the visualization of a multiple price list can be an instrument to greatly reduce multiple switching behavior.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 1706
- Klassifikation
-
Wirtschaft
Design of Experiments: General
Criteria for Decision-Making under Risk and Uncertainty
Information and Uncertainty: Other
- Thema
-
experiment
multiple price list
multiple switching behavior
visualization
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bauermeister, Golo-Friedrich
Mußhoff, Oliver
- Ereignis
-
Veröffentlichung
- (wer)
-
Georg-August-Universität Göttingen, Department für Agrarökonomie und Rurale Entwicklung (DARE)
- (wo)
-
Göttingen
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bauermeister, Golo-Friedrich
- Mußhoff, Oliver
- Georg-August-Universität Göttingen, Department für Agrarökonomie und Rurale Entwicklung (DARE)
Entstanden
- 2017