The Fork Game: A Graphical Interface for Eliciting Higher-Order Risk Preferences
Experimental Economics, cilt.28, sa.2, ss.334-353, 2025 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 28 Sayı: 2
- Basım Tarihi: 2025
- Doi Numarası: 10.1017/eec.2025.10022
- Dergi Adı: Experimental Economics
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, IBZ Online, ABI/INFORM, EconLit, Psycinfo, zbMATH
- Sayfa Sayıları: ss.334-353
- Anahtar Kelimeler: Experiment, Prudence and temperance, higher order risk preferences, C91, D14, C93, D81, E21
- Boğaziçi Üniversitesi Adresli: Evet
Özet
We introduce the Fork Game, a graphical interface designed to elicit higher-order risk preferences. In this game, participants connect forked pipes to create a final structure. A ball is then dropped into the top opening of this structure and follows a downward path, randomly turning left or right at each forked joint. This construction is effectively isomorphic to the apportionment of binary-outcome lotteries, allowing participants to construct complex gambles. Furthermore, the game is easily comprehensible, highly modular, and provides a flexible means of assessing risk aversion, prudence, temperance, and even higher-order risk preferences.