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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....
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Viele Ökonominnen und Ökonomen in Deutschland beklagen die zumeist langsame Geschwindigkeit, mit der Regierungen … unabhängig von ihrer politischen Couleur Wirtschaftsreformen umsetzen. Die Volkswirte wünschen sich dabei oft tiefgreifende und … wissenschaftstheoretisch offensichtlich, dass auch Werturteile und persönliche Präferenzen für die Unterschiede im Reformeifer eine Rolle …
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Empirical results suggest that individual and age-related differences in risk taking may be task dependent. Such results call into question the power of traditional measures of risk preferences, such as the choice between monetary gambles with described outcomes and probabilities, to fully and...
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