Randomized trial · 2002
Risk aversion and incentive effects
C. A. Holt, S. K. Laury. American Economic Review · N=212.
The multiple-price-list that became the field's default risk-preference measure. Incentive level changes estimated risk aversion. This is how 'risk' should be operationalized in this atlas.
Open sourcedoi:10.1257/000282802762024700
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What Causes What. “Risk aversion and incentive effects.” https://whatcauseswhat.org/papers/p-holt-laury-2002 (atlas updated 2026-08-31).