{"id":38754,"date":"2023-05-19T15:26:50","date_gmt":"2023-05-19T15:26:50","guid":{"rendered":"https:\/\/www.iseg.ulisboa.pt\/?post_type=event&#038;p=38754"},"modified":"2023-05-19T15:26:51","modified_gmt":"2023-05-19T15:26:51","slug":"iseg-research-seminar-learning-your-own-risk-preferences","status":"publish","type":"event","link":"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/","title":{"rendered":"ISEG Research Seminar | Learning Your Own Risk Preferences"},"content":{"rendered":"<p>On the 17th May <a href=\"https:\/\/faculty.econ.ucsb.edu\/~charness\/\" data-type=\"URL\" data-id=\"https:\/\/faculty.econ.ucsb.edu\/~charness\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gary Charness<\/a> (UC Santa Barbara) will present the study on\u00a0<strong>\"Learning Your Own Risk Preferences<\/strong>.\u00a0<\/p>\n\n\n\n<p>Free admission.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><strong>Abstract:<\/strong>&nbsp;<\/p>\n\n\n\n<p>Do people know their own risk preferences, or do risk choices change with experience and observation?  We provide a straightforward test in the laboratory.  People make an initial decision concerning a lottery choice and then experience 24 unpaid practice periods in which they roll the dice, record the outcome, and record the would-be payoff. They then make a final decision for the lottery choice; one of the first and last periods is randomly chosen for payment.  Our primary hypothesis is that people will become less risk-averse by having made and experienced the practice rolls.  We do find that people are significantly more likely to become less risk-averse than more risk-averse over time.  We note that this move towards assuming increased risk goes in the opposite direction from what is at least arguably predicted by loss aversion and reference dependence.  We find that women's preferences change much less during a session than men's preferences change. We feel that our literally hands-on approach ensures a degree of engagement that helps to accelerate the learning process.  We argue that measures obtained after people have had experience with a mechanism are more meaningful, and that this principle might well extend more generally to other elicitation tasks.<\/p>","protected":false},"excerpt":{"rendered":"On May 17, Gary Charness (UC Santa Barbara) presents the study \"Learning Your Own Risk Preferences\".  Free admission. Abstract: Do people know their own risk preferences, or do risk [...]","protected":false},"featured_media":0,"template":"","topic":[1401],"event_type":[1155],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ISEG Research Seminar | Learning Your Own Risk Preferences - ISEG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/\",\"name\":\"ISEG Research Seminar | Learning Your Own Risk Preferences - ISEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\"},\"datePublished\":\"2023-05-19T15:26:50+00:00\",\"dateModified\":\"2023-05-19T15:26:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/event\/iseg-research-seminar-learning-your-own-risk-preferences\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.iseg.ulisboa.pt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ISEG Research Seminar | Learning Your Own Risk Preferences\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.iseg.ulisboa.pt\/en\/#website\",\"url\":\"https:\/\/www.iseg.ulisboa.pt\/en\/\",\"name\":\"ISEG\",\"description\":\"Lisbon School of Economics &amp; 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Abstract:&nbsp; Do people know their own risk preferences, or do risk&nbsp;[...]","_links":{"self":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/38754"}],"collection":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/types\/event"}],"version-history":[{"count":0,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event\/38754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/media?parent=38754"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/topic?post=38754"},{"taxonomy":"event_type","embeddable":true,"href":"https:\/\/www.iseg.ulisboa.pt\/en\/wp-json\/wp\/v2\/event_type?post=38754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}