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Project Citation: 

Vieider, Ferdinand M. Replication data for: Violence and Risk Preference: Experimental Evidence from Afghanistan: Comment. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12.

Project Description

Summary:  View help for Summary In this comment on Callen et al. (2014), I revisit recent evidence uncovering a "preference for certainty" in violation of dominant normative and descriptive theories of decision-making under risk. I show that the empirical findings are potentially confounded by systematic noise. I then develop choice lists that allow me to disentangle these different explanations. Experimental results obtained with these lists reject explanations based on a preference for certainty in favor of explanations based on random choice. From a theoretical point of view, the levels of risk aversion detected in the choice list involving certainty can be accounted for by prospect theory through reference dependence activated by salient outcomes.

Scope of Project

JEL Classification:  View help for JEL Classification
      A12 Relation of Economics to Other Disciplines
      C91 Design of Experiments: Laboratory, Individual
      D12 Consumer Economics: Empirical Analysis
      D74 Conflict; Conflict Resolution; Alliances; Revolutions
      D81 Criteria for Decision-Making under Risk and Uncertainty
      O12 Microeconomic Analyses of Economic Development
      O17 Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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