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To identify potential issues, it is common to ask "How could this investment go wrong?" This question relies on our theorizing or forecasting skill to elicit risks.
By utilizing an overarching sustainability model, it was possible to elicit risks that could affect the sustainability performance of the resulting minerals operation and consequently identify potential initiatives or strategies that could mitigate these risks.
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Then, we elicit risk preferences.
A Likert-type scale was used to elicit risk perceptions.
To elicit risk-preference, we presented a sequence of 200 paired lotteries, subjects' task being to select their preferred option from each pair.
Using conditional measures of risk is preferable, as these questions elicit risk appraisals based on such moderating factors.
To our knowledge this is the first epidemiological study which has attempted to elicit risk factors for VIA positivity and screening attendance in Tanzania.
However, TNFα is also an essential component of host defense against pathogenic viruses, bacteria, and fungi, and therapeutic inhibition of TNFα may elicit risk of opportunistic infections [ 7, 8], in particular, tuberculosis [ 9, 10].
Note that the test proposed here is in many respects similar to the Certainty Equivalence Test (CET) used in experimental economics (and beyond) as a means to elicit risk attitudes (see Dohmen et al., 2010 for a recent application).
30 Those features together suggest that the EET might be suitable as a tool in experimental economics to disentangle the impact of distributional preferences from that of other factors thereby helping to interpret data from other (unrelated) experiments (similar to the choice list tests used to elicit risk attitudes; see Holt and Laury, 2002, or Dohmen et al., 2010, 2011).
Elicited risk preferences are applied to the uptake of credit and insurance in a series of framed insurance simulation games.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com