Consistency of Higher Order Risk Preferences

Distinguishing three effects of time pressure on risk taking

affected choice consistency rather than risk preferences (for a similar ... Higher order risk attitudes: A review of experimental evidence. European ...

Measuring Multivariate Risk Preferences in the Health Domain

that the higher order risk preferences prudence and temperance complement risk ... Consistency of higher order risk preferences. Econometrica 82, ...

Stated and Revealed Heterogeneous Risk Preferences in ...

The results indicate that persons who state that they are generally less willing to take risks in the survey tend to belong to the latent class with higher ...

Paul van Bruggen - Research - Google Sites

Abstract: Higher order risk preferences are important determinants of economic behaviour. We apply insights from behavioural economics: we measure higher order ...

An Evaluation of the Consistency of Financial Risk-Aversion Estimates

higher level of risk aversion. Higher levels of aversion to risk, as noted in this study, provide a possible explanation as to why individuals and ...

Seminar 6 June 2013 | CBS - Copenhagen Business School

Harris Schlesinger, University of Alabama Consistency of Higher Order Risk Preferences AbstractRisk aversion (a 2nd order risk preference) ...

Detail - RWI Essen

In this study we measure higher-order risk preferences and their consistency. We explore the role of country differences, the variation of stakes, and the ...

Response of Risky Choice to Variance Reduction

aversion, however, the degree of loss aversion has to be quite high in order to rationalize most of ... consistency in risk preferences. These results have ...

Risk Preferences in China — Results from Experimental Economics

4 Citations · Exploring the Consistency of Higher Order Risk Preferences · Alexander Haering · 1 Excerpt. The development of risk aversion and prudence in Chinese ...

Higher-order Risk Attitudes in Description - Heidelberg University

... higher-order risk tasks compared to the risk aversion tasks. ... Consistency of higher order risk preferences. Econometrica. 82, 1913 ...

Multivariate risk preferences in the quality‐adjusted life year model

The interest in multivariate and higher‐order risk preferences has increased. A growing body of literature has demonstrated the relevance and impact of ...

The link between cognitive abilities and risk preference depends on ...

Historically, stock market investments have involved higher risks but have also yielded superior long-term returns relative to less risky ...

Are risk preferences consistent across elicitation procedures? A field ...

... higher risk aversion ... Moreover, this similarity between the two elicitation pro- cedures may explain why we have a quite high level of ...

The risk elicitation puzzle revisited: Across-methods (in)consistency?

We used a within-subject design to measure individual-level risk preferences in four different risk elic- ... low (high) level of risk. Likewise, due to ...

Are risk preferences consistent?: the influence of decision domain ...

The consistent group was significantly lower on neuroticism and higher on agreeableness and conscientiousness with a less variable approach ...

Three gaps and what they may mean for risk preference - Journals

In economics and finance, risk preference commonly refers to the tendency to choose an action that involves higher variance in potential ...

Framing decisions in experiments on higher-order risk preferences

Framing decisions in experiments on higher-order risk preferences ; Essen, Germany : RWI - Leibniz-Institut für Wirtschaftsforschung.

Neural correlates of individual differences in aversion to risk and ...

Choice consistency was related to the amplitude of P200; risk aversion was related to modulation of the medial frontal negativity (MFN) as a ...

Risk Preferences Over Health: Empirical Estimates and Implications ...

responses were consistent with risk-averse preferences, 15%-39% were consistent with risk-seeking ... van de Kuilen, Higher Order Risk Attitudes, Demographics,.

Are risk preferences consistent across elicitation procedures? A field ...

... high level of stability in our sample (42.81%) and a high correlation coefficient between the individuals' choices in the two procedures (ρ ...