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Eliciting subjective expectations for bivariate outcomes

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  • Drerup, Tilman H.

Abstract

We propose a method to elicit subjective expectations about the joint distribution of two continuous outcomes. The method relies on a pen and paper exercise and allows for the calculation of arbitrary mixed (e.g., covariance) and marginal moments (e.g., means or standard deviations) of the joint distribution.

Suggested Citation

  • Drerup, Tilman H., 2019. "Eliciting subjective expectations for bivariate outcomes," Journal of Behavioral and Experimental Finance, Elsevier, vol. 23(C), pages 29-45.
    • Handle: RePEc:eee:beexfi:v:23:y:2019:i:c:p:29-45
    DOI: 10.1016/j.jbef.2019.05.002
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    Cited by:

    1. Tilman H. Drerup & Matthias Wibral & Christian Zimpelmann, 2023. "Skewness expectations and portfolio choice," Experimental Economics, Springer;Economic Science Association, vol. 26(1), pages 107-144, March.
    2. Kiesl-Reiter, Sarah, 2024. "Subjective Expectations about Joint Return Distributions," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302423, Verein für Socialpolitik / German Economic Association.

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