Risk Attitudes, Randomizations to Treatments
During Research Week Dr. Morten Lau, lecturer in Economics at Durham University presented on the use of randomizations in assigning participants to treatments in behavioral experiments. The use of randomizations is fundamental to statistical control in the design of experiments, but since it introduces an element of risk to the participants, and since participants differ in risk attitudes, it could lead to sample selection effects. He examined the sample selection effects from fixed show up fees and from randomizations on the recruitment of participants to a field experiment in Denmark.
Dr. Lau joined the Durham Business School in September 2005. He was previously with the Danish Ministry of Business and Industry and at the Copenhagen Business School. He earned his Ph.D. at the University of Copenhagen.
The event was sponsored by the Department of Economics.