Artikel
Measuring risk‐taking and patience in financial decision making
We empirically compared the consistency among different kinds of measures for risk‐taking and patience in a survey and an experiment. We evaluated how these variables relate to financial decisions, using a novel set of easy‐to‐apply survey questions as proxy. The main finding is that our results based on the novel survey questions describing financial behavior and on lifelike financial behavior in the laboratory are very similar. Therefore, relatively low‐cost elicitation measures may be used to forecast decision making, which, in turn, may be described by our novel set of survey questions.
- Language
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Englisch
- Bibliographic citation
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Journal: Review of Financial Economics ; ISSN: 1873-5924 ; Volume: 40 ; Year: 2021 ; Issue: 1 ; Pages: 97-114
- Classification
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Wirtschaft
- Subject
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decision making
preferences
risk attitude
time preferences
- Event
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Geistige Schöpfung
- (who)
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Breuer, Wolfgang
Renerken, Thomas
Salzmann, Astrid Juliane
- Event
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Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
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2021
- DOI
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doi:10.1002/rfe.1142
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Breuer, Wolfgang
- Renerken, Thomas
- Salzmann, Astrid Juliane
- Wiley
Time of origin
- 2021
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