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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Charles A. Holt and Susan K. Laury
164
A major advantage of computerized procedures is the ease of running classroom
demonstrations. For example, the administrator page of the Veconlab site (http://vecon-
lab.econ.virginia.edu/admin.htm) has a link to the “Decisions” menu, which in turn
has links to several separate programs, e.g. the Gneezy Potters continuous “Investment
Game,” the Holt-Laury “Lottery Choice Menu,” and a program called “Value
Elicitation” that implements either a menu-based certainty equivalent price list task or a
menu-based probability equivalent task. All of the programs have many setup options in
terms of payoffs, rounds, ...
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Publisher Resources

ISBN: 9780444536853