Hypothetical Bias Over Uncertain Outcomes

Harrison, Glenn

doi:10.2139/ssrn.698501

Abstract

References (36)

Citations (3)

Download This Paper | Share | Email |Add to Briefcase | Purchase Bound Hard Copy

Hypothetical Bias Over Uncertain Outcomes

Glenn W. Harrison

Georgia State University - J. Mack Robinson College of Business

March 2005

UCF Economics Working Paper No. 05-04

Abstract:
The evidence for hypothetical bias over uncertain outcomes is reviewed. Consistent with the evidence for deterministic outcomes, it appears that subjects respond differently to risky prospects when they face real economic consequences of their choices instead of hypothetical economic consequences. Implications for contingent valuation survey design and behavioral economics are discussed.

Number of Pages in PDF File: 30

Keywords: Risk aversion, hypothetical bias, experiments

JEL Classification: D81, C91

working papers series

Download This Paper

Date posted: April 20, 2005

Suggested Citation

Harrison, Glenn W., Hypothetical Bias Over Uncertain Outcomes (March 2005). UCF Economics Working Paper No. 05-04. Available at SSRN: http://ssrn.com/abstract=698501 or http://dx.doi.org/10.2139/ssrn.698501

Contact Information

Glenn William Harrison (Contact Author)

Georgia State University - J. Mack Robinson College of Business ( email )

P.O. Box 4050
Atlanta, GA 30303-3083
United States
407-489-3088 (Phone)
253-830-7636 (Fax)

HOME PAGE: http://www.cear.gsu.edu/