We test whether the binary lottery procedure makes participants behave as if they are risk neutral in the Holt and Laury (2002) and Eckel and Grossman (2002) tasks. Depending on the task, we find that less than half of the participants behave as if risk neutral. In fact, when we compare the distribution of choices, we find no significant difference to standard experiments that did not use the binary lottery procedure. Using a structural model we find modest evidence that the binary lottery procedure might move participants at least slightly towards risk neutrality.

中文翻译：

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在Holt＆Laury和Eckel＆Grossman任务中，二元彩票程序不会引起风险中立

我们测试了二元彩票程序是否使参与者在Holt和Laury（2002）以及Eckel和Grossman（2002）任务中表现得像风险中性。根据任务的不同，我们发现不到一半的参与者表现得好像风险中立。实际上，当我们比较选择的分布时，我们发现与不使用二元彩票程序的标准实验没有显着差异。使用结构模型，我们发现适度的证据表明二元彩票程序可能会使参与者至少略微趋向于风险中立。