On the stability of risk preferences: Measurement matters

We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the wil...

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Detalles Bibliográficos
Autores principales: Adema, Joop, Nikolka, Till, Poutvaara, Panu, Sunde, Uwe
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9754807/
https://www.ncbi.nlm.nih.gov/pubmed/36540652
http://dx.doi.org/10.1016/j.econlet.2021.110172
Descripción
Sumario:We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the willingness to take risks in an incentivized lottery task increased, for the same sample of respondents. These findings suggest domain specificity of preferences that is partly reflected in the different measures.

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