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Cited by 3,896

The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.

INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES

Open access
Dohmen, Thomas, Falk, Armin, Huffman, David, Sunde, Uwe, Schupp, Jürgen, Wagner, Gert G.·2011·Journal of the European Economic Association
DOI 10.1111/j.1542-4774.2011.01015.x
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Abstract

This paper studies risk attitudes using a large representative survey and a complementary experiment conducted with a representative subject pool in subjects' homes.Using a question asking people about their willingness to take risks "in general", we find that gender, age, height, and parental background have an economically significant impact on willingness to take risks.The experiment confirms the behavioral validity of this measure, using paid lottery choices.Turning to other questions about risk attitudes in specific contexts, we find similar results on the determinants of risk attitudes, and also shed light on the deeper question of stability of risk attitudes across contexts.We conduct a horse race of the ability of different measures to explain risky behaviors such as holdings stocks, occupational choice, and smoking.The question about risk taking in general generates the best all-round predictor of risky behavior.

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Citations

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Cited by

Metadata

Authors
Dohmen, T., Falk, A., Huffman, D., Sunde, U., Schupp, J., & Wagner, G. G.
Venue
Journal of the European Economic Association
Publisher
Oxford University Press (OUP)
Published
2011-03-31
Volume
9
Issue
3
Pages
522-550
ISSN
1542-4766 (ISSN-L)
DOI
10.1111/j.1542-4774.2011.01015.x
OpenAlex
W2106098322
Cited by
3,896
References
5
FWCI
92.70
Type
journal article
Language
en
Open access
bronze
Licence
doi.wiley.com/10.1002/tdm_license_1 (tdm, 1615 d)

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