Arbeitspapier
Stereotypes and risk attitudes: Evidence from the lab and the field
Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this paper, we deploy an artefactual field experiment and study whether subjects - non-professionals and -financial professionals - are aware of these correlations. This is largely confirmed by our results for all subject groups. We show that the subjects attach informational value to sociodemographic information when assessing others' risk attitudes. This provides external validity to the correlations found between risk preferences and sociodemographics. A person's self-assessment of risk attitudes is the most helpful device for the subjects' assessments of others, although experienced professionals make use of it to a minor extent than all other subjects.
- Language
-
Englisch
- Bibliographic citation
-
Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 474
- Classification
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Criteria for Decision-Making under Risk and Uncertainty
- Subject
-
risk preferences
financial advice
artefactual field experiment
behavioral finance
- Event
-
Geistige Schöpfung
- (who)
-
Leuermann, Andrea
Roth, Benjamin
- Event
-
Veröffentlichung
- (who)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
-
Berlin
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:44 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
- Arbeitspapier
Associated
- Leuermann, Andrea
- Roth, Benjamin
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2012
Other Objects (12)
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Stereotypes and risk attitudes : Evidence from the lab and the field
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Malleability of intergroup stereotypes and attitudes
Work-Related Age Attitudes and Age Stereotypes
Salient sociophonetic features, stereotypes, and attitudes toward Jazani Arabic
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
The delinquent stereotype and stigmatisation
The delinquent stereotype and stigmatisation
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Stereotypes and risk attitudes : Evidence from the lab and the field
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Malleability of intergroup stereotypes and attitudes
Work-Related Age Attitudes and Age Stereotypes
Salient sociophonetic features, stereotypes, and attitudes toward Jazani Arabic
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
The delinquent stereotype and stigmatisation
The delinquent stereotype and stigmatisation
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Stereotypes and risk attitudes : Evidence from the lab and the field
Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
Malleability of intergroup stereotypes and attitudes
Work-Related Age Attitudes and Age Stereotypes
Salient sociophonetic features, stereotypes, and attitudes toward Jazani Arabic
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
Contact, Perspective Taking, and Anxiety as Predictors of Stereotype Endorsement, Explicit Attitudes, and Implicit Attitudes
The delinquent stereotype and stigmatisation
The delinquent stereotype and stigmatisation
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions