Prelims

Half Title Page

MODELS OF RISK PREFERENCES

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RESEARCH IN EXPERIMENTAL ECONOMICS

Series Editors: R. Mark Isaac and Douglas A. Norton

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RESEARCH IN EXPERIMENTAL ECONOMICS - VOLUME 22

MODELS OF RISK PREFERENCES: DESCRIPTIVE AND NORMATIVE CHALLENGES

EDITED BY

GLENN W. HARRISON

Georgia State University, USA

and

DON ROSS

University College Cork, Ireland

University of Cape Town, South Africa

Georgia State University, USA

Series Editors

R. MARK ISAAC

Florida State University, USA

and

DOUGLAS A. NORTON

Florida State University, USA

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

Emerald Publishing, Floor 5, Northspring, 21-23 Wellington Street, Leeds LS1 4DL.

First edition 2023

Editorial matter and selection © 2023 Glenn W. Harrison and Don Ross. Individual chapters © 2023 The authors. Published under exclusive licence by Emerald Publishing Limited.

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters’ suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-83797-269-2 (Print)

ISBN: 978-1-83797-268-5 (Online)

ISBN: 978-1-83797-270-8 (Epub)

ISSN: 0193-2306 (Series)

Contents

About the Editors

Glenn W. Harrison is University Distinguished Professor, C.V. Starr Chair of Risk Management & Insurance and Director of the Center for the Economic Analysis of Risk, Maurice R. Greenberg School of Risk Science, J. Mack Robinson College of Business, Georgia State University. His current research spans risk management & perception, experimental economics, behavioral econometrics, behavioral welfare economics, and development economics.

Don Ross is Professor in the School of Society, Politics, and Ethics at University College Cork, Professor in the School of Economics at the University of Cape Town, and Program Director for Methodology at the Centre for the Economic Analysis of Risk at Georgia State University. His current research focuses on experimental studies and theoretical modeling of risk and time preferences in humans and other animals, gambling disorders and policy, economic methodology, the economics of road transport networks in Africa, and the metaphysical implications of science.

List of Contributors