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Determinants of risk aversion over time: Experimental evidence from rural Thailand

Menkhoff, Lukas; Sakha, Sahra - 2016

We use a repeated incentivized risk experiment in rural Thailand to test determinants of changes in the level of …- andmicro-level shocks. Strong macroeconomic recovery following the 2007/08 financial crisis makes people more risk … negative economic and agricultural shocks increase risk aversion. Subjective perceptions of well-being and expectations also …

Persistent link: https://www.econbiz.de/10011482257

Experimentally-validated survey evidence on individual risk attitudes in rural Thailand

Hardeweg, Bernd; Menkhoff, Lukas; Waibel, Hermann - 2011

This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation … survey-experiment-relation which are available from the representative household survey and which are related to risk …

Persistent link: https://www.econbiz.de/10010289009

Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change

Atkinson, Giles D.; Dietz, Simon; Helgeson, Jennifer; … - 2009

Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...

Persistent link: https://www.econbiz.de/10010298595

Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change

Helgeson, Jennifer; Dietz, Simon; Atkinson, Giles D.; … - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-26, pp. 1-28

Persistent link: https://www.econbiz.de/10010298644

Putting risk in its proper place

Eeckhoudt, Louis; Schlesinger, Harris - 2005

This paper examines preferences towards particular classes of lottery pairs. We show how concepts such as prudence and temperance can be fully characterized by a preference relation over these lotteries. If preferences are defined in an expected-utility framework with differentiable utility, the...

Persistent link: https://www.econbiz.de/10010271070

Gender differences in risk aversion and ambiguity aversion

Borghans, Lex; Golsteyn, Bart H. H.; Heckman, James Joseph - 2009

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10010274253

Small-scale changes in wealth and attitudes towards risk

Sousa, Sergio - 2010

This paper reports on an experiment designed to examine the effects of small-scale changes in wealth on risk attitudes … given to subjects in our experiment is administered in between risky tasks and framed as a reward rather than a windfall …

Persistent link: https://www.econbiz.de/10010277500

The Bomb risk elicitation task

Crosetto, Paolo; Filippin, Antonio - 2012

-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …

Persistent link: https://www.econbiz.de/10010291835

Risk-taking behavior in the wake of natural disasters

Cameron, Lisa Ann; Shah, Manisha - 2012

We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that individuals who recently suffered a flood or earthquake...

Persistent link: https://www.econbiz.de/10010287690

The "bomb" risk elicitation task

Crosetto, Paolo; Filippin, Antonio - 2012

-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender …

Persistent link: https://www.econbiz.de/10010287720