We study the heritability of risk, uncertainty, and time preferences using a field experiment with a large sample of adult twins. We also offer a meta-analysis of existing findings. Our field study introduces a novel empirical approach that marries behavioral genetics with structural...

Interpersonal heterogeneity in risk attitudes is a regular feature of experimental data on decision making under risk. Despite a growing consensus on the use of the random coefficient or hierarchical model to accommodate this heterogeneity, there is a burgeoning Bayesian-classical divide...