The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Estimating Risk Attitudes in Denmark: A Field Experiment*
Open accessAbstract
We estimate individual risk attitudes using controlled experiments in the field in Denmark. The experiments were carried out across Denmark using a representative sample of 253 people between 19 and 75 years of age. Risk attitudes are estimated for various individuals differentiated by socio‐demographic characteristics. Our results indicate that the average Dane is risk averse, and that risk neutrality is an inappropriate assumption to apply. We also find that risk attitudes vary significantly with respect to several important socio‐demographic variables such as age and education. However, we do not find any effect of sex on risk attitudes.
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Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Advances in prospect theory: Cumulative representation of uncertainty
Tversky, A., & Kahneman, D. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122574 · Cited by 15,467
Experimental Tests of the Endowment Effect and the Coase Theorem
Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1990) · Journal of Political Economy · doi:10.1086/261737 · Cited by 3,194
A Note on Robust Variance Estimation for Cluster‐Correlated Data
Williams, R. L. (2000) · Biometrics · doi:10.1111/j.0006-341x.2000.00645.x · Cited by 2,501
Heroin addicts have higher discount rates for delayed rewards than non-drug-using controls.
Kirby, K. N., Petry, N. M., & Bickel, W. K. (1999) · Journal of Experimental Psychology: General · doi:10.1037/0096-3445.128.1.78 · Cited by 2,171
Cited by
Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2010) · American Economic Review · doi:10.1257/aer.100.3.1238 · Cited by 1,332
Eliciting Risk and Time Preferences
Andersen, S., Harrison, G. W., Lau, M. I., & Rutström, E. E. (2008) · Econometrica · doi:10.1111/j.1468-0262.2008.00848.x · Cited by 984
Self-citationHeterogeneity in Risky Choice Behavior in a Broad Population
von Gaudecker, H.-M., van Soest, A., & Wengström, E. (2011) · American Economic Review · doi:10.1257/aer.101.2.664 · Cited by 349
Deciding for others reduces loss aversion
Andersson, O., Holm, H. J., Tyran, J.-R., & Wengström, E. (2016) · Management Science · doi:10.1287/mnsc.2014.2085 · Cited by 194
Risk preferences and development revisited
Vieider, F. M., Martinsson, P., Nam, P. K., & Truong, N. (2019) · Theory and Decision · doi:10.1007/s11238-018-9674-8 · Cited by 47
Metadata
- Authors
- Harrison, G. W., Lau, M. I., & Rutström, E. E.
- Venue
- The Scandinavian Journal of Economics
- Publisher
- Wiley
- Published
- 2007-06
- Volume
- 109
- Issue
- 2
- Pages
- 341-368
- ISSN
- 2576-0017 (ISSN-L)
- 0347-0520
- 1467-9442
- OpenAlex
- W3122800357
- Cited by
- 453
- References
- 5
- FWCI
- 13.91
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
