Belzil, Christian (contributor); Leonardi, Marco (contributor) - 2006
lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We … next varies with preference heterogeneity (risk aversion), parental human capital, socioeconomic variables and persistent … risk aversion at low grade levels, but increase with risk aversion at the time when the decision to enter higher education …