True Risk Preferences > Testing Mechanisms for Identifying True Risk Preferences
Publisher
CentERdata
Creator
Charness, Gary, Offerman, Theo, Villeval, Marie Claire
Created
Nov 19 2012
Description
In February 2012, a questionnaire consisting of 5 parts was fielded in the LISS panel. Part 4 consisted of 5 different versions. The respondents were presented one of these versions; which version the respondent received, was determined at random. In the first 4 versions, the respondent had the possibility of earning money (with the exception of 1 conditional group, which was unable to earn money in part 4). Each time, the amount of money depended on the respondent’s decision and a die or coin tossed by the computer. One of the questionnaire parts was selected for actual payment of the sum earned. This amount was shown directly upon completion of the questionnaire.
URL to resource
Panel
lissdata
Begin date
Feb 06 2012
| Name | English | Dutch |
|---|---|---|
| {intro} | This questionnaire consists of five parts, and in each part we ask you to make decisions. With this questionnaire, the researchers want to … | Deze vragenlijst bestaat uit vijf delen waarin we u steeds vragen om beslissingen te nemen. Met deze vragenlijst willen de onderzoekers ach… |
| ga001 - ga003 | Part 1 You have to manage a fund of 100 Euros. You can invest the 100 Euros in a single project, in two projects or in three projects. Each… | Deel 1 U gaat een fonds van 100 euro beheren. U kunt deze 100 euro verdelen over 1 project, 2 projecten of 3 projecten. Bij elk project kan… |
| ga004 | Part 2 You receive 10 Euros. A fair ten-sided die is rolled. If the roll of the die is 1, 2, 3, 4, 5, 6, 7, 8, or 9 you will keep these 10 … | Deel 2 U krijgt 10 euro. Er wordt een eerlijke tien-zijdige dobbelsteen geworpen. Als de uitkomst van de dobbelsteen een 1, 2, 3, 4, 5, 6, … |
| ga005 | Part 3 Imagine the following scenario: You borrow 10 Euros that must be repaid after ten ‘years’. Every year you receive an income of 1.50 … | Deel 3 Stelt u zich de volgende situatie voor: U leent 10 euro die u na tien jaar moet terugbetalen. Ieder jaar krijgt u een inkomen van 1,… |
| ga006 - ga015 | Part 4 In the Table below, you make 10 choices between “option A” and “option B”. Option A is a lottery that pays you either 8 Euros or 6.4… | Deel 4 In de tabel hieronder maakt u 10 keer de keuze uit 'optie A' en 'optie B'. Optie A is een spel waarbij u 8 euro of 6,40 euro ontvang… |
| ga016 | Part 4 You receive 800 Euro-cents (8 Euros). You decide how many of these Euro-cents (between 0 and 800, inclusive) to invest. Those Euro-c… | Deel 4 U ontvangt 800 eurocent (8 euro). U bepaalt vervolgens hoeveel van deze 800 eurocent u gaat investeren. De eurocenten die u niet inv… |
| ga017 - ga030 | Part 4 We display two tables successively. This page shows the first table. If this part is drawn for payment at the end of the survey, the… | Deel 4 We laten u achtereenvolgens twee tabellen zien. Op deze pagina staat de eerste tabel. Als dit deel aan het einde van de vragenlijst … |
| ga031 - ga044 | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Option A is a lottery that pays you 8 Euros if the roll of a fair t… | In Tabel 2 maakt u ook 14 keer een keuze tussen 'optie A' en 'optie B'. Optie A is een spel waarbij u 8 euro ontvangt als de uitkomst van d… |
| ga045 - ga046 | ||
| ga047 | Part 4 Please choose your favorite option among the six options displayed in the table below. In each option, a fair coin is tossed (chance… | Deel 4 Kiest u uw favoriete optie uit de zes opties die in de tabel hieronder staan getoond. Bij elke optie wordt een eerlijke munt geworpe… |
| ga048 - ga050 | Please answer the three following questions. | Beantwoordt u de volgende drie vragen. |
| ga051 - ga055 | Note: Please complete the questionnaire until you are returned to the starting screen. Only then will the system register the questionnaire… | NB: Maakt u alstublieft de vragenlijst af totdat u weer bij het beginscherm komt. Pas dan registreert het systeem de vragenlijst als volled… |
| Variable | Dataset | English | Dutch |
|---|---|---|---|
| nomem_encr | ga12a | Number of the household member encrypted | |
| ga12a_m | ga12a | Year and month of the field work period | |
| ga12a061 | ga12a | version part 4 | |
| ga12a001 | ga12a | Number of euros I would like to invest in project 1 | |
| ga12a002 | ga12a | Number of euros I would like to invest in project 2 | |
| ga12a003 | ga12a | Number of euros I would like to invest in project 3 | |
| ga12a004 | ga12a | However, you can insure yourself against this risk of losing the 10 Euros. Which of the options, that are described above, do you choose? | |
| ga12a005 | ga12a | You have to choose one of three interest-rate options for your loan. Which of the options, described above, do you choose? | |
| ga12a006 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 1. | |
| ga12a007 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 2. | |
| ga12a008 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 3. | |
| ga12a009 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 4. | |
| ga12a010 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 5. | |
| ga12a011 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 6. | |
| ga12a012 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 7. | |
| ga12a013 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 8. | |
| ga12a014 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 9. | |
| ga12a015 | ga12a | As you move down the table, the chances of the higher prize for each option increase. Please decide if you prefer option A or option B for decision task 10. | |
| ga12a016 | ga12a | Please indicate how many Euro-cents you want to invest: | |
| ga12a017 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 1. | |
| ga12a018 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 2. | |
| ga12a019 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 3. | |
| ga12a020 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 4. | |
| ga12a021 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 5. | |
| ga12a022 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 6. | |
| ga12a023 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 7. | |
| ga12a024 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 8. | |
| ga12a025 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 9. | |
| ga12a026 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 10. | |
| ga12a027 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 11. | |
| ga12a028 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 12. | |
| ga12a029 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 13. | |
| ga12a030 | ga12a | In Table 1, you make 14 choices between ‘option A’ and ‘option B’. Please now decide if you prefer option A or option B for decision task 14. | |
| ga12a031 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 1. | |
| ga12a032 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 2. | |
| ga12a033 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 3. | |
| ga12a034 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 4. | |
| ga12a035 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 5. | |
| ga12a036 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 6. | |
| ga12a037 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 7. | |
| ga12a038 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 8. | |
| ga12a039 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 9. | |
| ga12a040 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 10. | |
| ga12a041 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 11. | |
| ga12a042 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 12. | |
| ga12a043 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 13. | |
| ga12a044 | ga12a | In Table 2, you also make 14 choices between ‘option A’ and ‘option B’. Please decide if you prefer option A or option B for decision task 14. | |
| ga12a045 | ga12a | Are you generally a person who is fully prepared to take risks or do you try to avoid taking risks? | |
| ga12a046 | ga12a | How would you rate your willingness to take risks concerning financial matters? | |
| ga12a047 | ga12a | Please choose your favorite option among the six options displayed in the table below. | |
| ga12a048 | ga12a | A ball and a hat cost 1,10 Euro in total. The ball costs 1 Euro more than the hat. How much does the hat cost? | |
| ga12a049 | ga12a | If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets? | |
| ga12a050 | ga12a | In a lake, there is a patch of lily pads. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire lake, how long would it take for the patch to cover half of the lake? | |
| ga12a051 | ga12a | Was it difficult to answer the questions? | |
| ga12a052 | ga12a | Were the questions sufficiently clear? | |
| ga12a053 | ga12a | Did the questionnaire get you thinking about things? | |
| ga12a054 | ga12a | Was it an interesting subject? | |
| ga12a055 | ga12a | Did you enjoy answering the questions? | |
| ga12a056 | ga12a | Starting date questionnaire | |
| ga12a057 | ga12a | Starting time questionnaire | |
| ga12a058 | ga12a | End date questionnaire | |
| ga12a059 | ga12a | End time questionnaire | |
| ga12a060 | ga12a | Duration in seconds |