Results 1 to 10 of about 1,422,367 (192)
Risk aversion under preference uncertainty [PDF]
SSRN Electronic Journal, 2010 We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility ...
Kräussl, Roman +2 more
core +9 more sources
Learning Your Own Risk Preferences
SSRN Electronic Journal, 2022 AbstractDo people know their own risk preferences, or do risk choices change with experience and observation? We provide a straightforward test in the laboratory. People make an initial decision concerning a lottery choice and then experience 24 unpaid practice periods in which they roll the dice, record the outcome, and record the would-be payoff ...
Gary Charness +2 more
openalex +2 more sources
Self-Employment and Risk Preference [PDF]
, 2007 We explore the relationship between self-employment and attitudes towards financial risk using individual level data drawn from the U.S. Survey of Consumer Finances (SCF) and the U.S. Panel Study of Income Dynamics (PSID). Both surveys include questions,
Aurora Ortiz +4 more
core +4 more sources
How people know their risk preference [PDF]
SSRN Electronic Journal, 2019 People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries)—a dominant class of measures—are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains.
Ruben C. Arslan +5 more
openalex +11 more sources
Inequality and risk preference
Journal of Risk and Uncertainty, 2023 AbstractThis paper studies the relationship between income inequality and risk taking. Increased income inequality is likely to enlarge the scope for upward comparisons and, in the presence of reference-dependent preferences, to increase willingness to take risks.
Pickard, H. +2 more
openaire +6 more sources
Parenthood and Risk Preferences [PDF]
SSRN Electronic Journal, 2015 This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before becoming a parent, is largest shortly after giving birth and
Görlitz, Katja, Tamm, Marcus
openaire +10 more sources
Linear-risk-tolerant, invariant risk preferences [PDF]
Economics Letters, 2005 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chambers, Robert G., Quiggin, John
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Risk Preferences Under Heterogeneous Environmental Risk [PDF]
SSRN Electronic Journal, 2012 We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers’ previous place of residence. We find that the relationship between risk preferences
Olbrich, Roland +3 more
openaire +6 more sources
Risk Pooling, Risk Preferences, and Social Networks [PDF]
American Economic Journal: Applied Economics, 2012 Using data from an experiment conducted in 70 Colombian communities, we investigate who pools risk with whom when trust is crucial for enforcing risk pooling arrangements. We explore the roles played by risk attitudes and social networks. Both empirically and theoretically, we find that close friends and relatives group assortatively on risk attitudes
Orazio Attanasio +4 more
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Risk Preferences are Not Time Preferences: Comment [PDF]
SSRN Electronic Journal, 2012 Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex time budget design.
openaire +3 more sources