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
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author Adema, Joop
Nikolka, Till
Poutvaara, Panu
Sunde, Uwe
author_facet Adema, Joop
Nikolka, Till
Poutvaara, Panu
Sunde, Uwe
author_sort Adema, Joop
collection PubMed
description 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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spelling pubmed-97548072022-12-16 On the stability of risk preferences: Measurement matters Adema, Joop Nikolka, Till Poutvaara, Panu Sunde, Uwe Econ Lett Article 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. The Authors. Published by Elsevier B.V. 2022-01 2021-11-27 /pmc/articles/PMC9754807/ /pubmed/36540652 http://dx.doi.org/10.1016/j.econlet.2021.110172 Text en © 2021 The Authors Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Adema, Joop
Nikolka, Till
Poutvaara, Panu
Sunde, Uwe
On the stability of risk preferences: Measurement matters
title On the stability of risk preferences: Measurement matters
title_full On the stability of risk preferences: Measurement matters
title_fullStr On the stability of risk preferences: Measurement matters
title_full_unstemmed On the stability of risk preferences: Measurement matters
title_short On the stability of risk preferences: Measurement matters
title_sort on the stability of risk preferences: measurement matters
topic Article
url 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
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