7 Works

Belief Elicitation with a Synchronized Lottery Choice Menu that is Invariant to Risk Attitudes

Charles Holt
Belief Elicitation with a Synchronized Lottery Choice Menu that is Invariant to Risk Attitudes By Charles A. Holt and Angela M. Smith This paper uses a Bayesian information processing task to compare belief elicitation mechanisms including a quadratic scoring rule, a Becker-DeGroot-Marschak pricing procedure, and a two-stage menu of lottery choices that is structured to identify a precise point of probability indifference. The choice menu yields a higher incidence of correct Bayesian responses and lower...

JLSC Board Editorial 2019

Dave Ghamandi, Anne Gilliland, Rebekah Kati, Jennifer Solomon, Luqman Hayes, Emma Molls, Camille Thomas, Maria Bonn, Will Cross, David Lewis, Demmy Verbeke, Christine Fruin, DeDe Dawson & Danny Kingsley
Many of us were hired to work toward systems where knowledge is open, equitable, transparent, and diverse. At the same time, our hiring institutions can be ambivalent about change, and we ourselves sometimes fall short of the ideals we espouse. One antidote for burnout and disillusionment is to build a durable, continuing community that can survive and do good work despite setbacks and failures. As JLSC editors, the three of us—Anne, Jennifer, and Rebekah—plan to...

The Truth Criteria of Autobiography: Doris Lessing and Telling the Truth

Lorna Martens
This paper examines the notion of the “true” narrative, using the example of Doris Lessing in order to explore some of the truth criteria of contemporary autobiography. My assumption is that autobiography subscribes to a variety of historically changing truth criteria and that authors seek to conform to certain of them by engaging appropriate codes. Firmly committed to “telling the truth” in her writing, Lessing has consistently problematized the actual telling of the truth. After...

An Experimental Examination of the Volunteer’s Dilemma

Charles Holt
An Experimental Examination of the Volunteer’s Dilemma Jacob K. Goeree, Charles A. Holt, Angela M. Smith Abstract In a volunteer’s dilemma, only one “volunteer” is needed to obtain a benefit for all. Volunteering is costly, and the symmetric Nash equilibrium involves randomization. These predictions have the intuitive property that volunteer rates decline with larger groups, but surprisingly, the probability of obtaining no volunteers is increasing with group size, even as the number of players goes...

Deflowering History: An Examination of Rape, Slavery, and the University of Virginia

Landon Wilkins
On April 22, 1850, three university students allegedly perpetrated the rape of a 17-year-old enslaved girl. Historic scholarship argues that the three students were promptly expelled. Drawing on extensive study of archives and historical works, this Capstone argues that the sexual assault of an enslaved 17-year-old would have been unremarkable at the time and attempts to prove the students were not expelled for rape. The question is asked: What are the verifiable dynamics of the...

Upside Versus Downside Risk: Gender, Stakes, and Skewness: Single Decision Data

Charles Holt & Irene Comeig
Upside Versus Downside Risk: Gender, Stakes, and Skewness * Irene Comeig, Charles Holt, and Ainhoa Jaramillo-Gutiérrez The simplest perspective on risky choice is in terms of a tradeoff between higher expected payoff and higher payoff variability. Subjects in a simple experiment, however, exhibit more aversion to “downside risk” (with a small probability of a relatively low payoff) and more attraction to an equivalent “upside risk” (with a small probability of a high payoff). Females tend...

Price Bubbles, Gender, and Expectations in Experimental Asset Markets Holt Porzio Song Data

Charles Holt
Price Bubbles, Gender, and Expectations in Experimental Asset Markets European Economic Review 2017 Charles A. Holt, Megan Porzio, and Michelle Yingze Song This paper reports results of laboratory markets for a risky asset with a “flat” fundamental value that equates expected dividends to the return on a safe asset. Subjects were sorted by gender in an unobtrusive manner, and bubbles in this setting are pervasive and of comparable magnitude for both genders. In contrast, a...

Registration Year

  • 2019
    7

Resource Types

  • Journal Article
    7

Affiliations

  • University of Virginia
    7