Konferenzbeitrag
Higher Order Risk Preferences: Experimental Measures, Determinants and Related Field Behavior
Higher order risk preferences are well-known for their relation with precautionary saving or portfolio allocation. Theoretically, they are also connected with other important behavior, such as health-related or eco-friendly behavior, but these relations have never been investigated with field data. In a large-scale experiment with 658 adolescents, we relate experimental measures of higher order risk preferences with field behavior. Field behavior is collected in an extensive survey, where we focus on general risk taking, the environmental and the health domain, particularly on addictive behavior. Using a novel method allowing the experimental elicitation of intensities of prudence and temperance, we find females behaving more risk averse, prudent and temperant, and high-ability students behaving less risk averse and temperant. We confirm previous findings on financial decision making and higher order risk preferences, and find that prudence is a strong predictor for health-related behavior: An index capturing the obsessive use of smartphones is predicted significantly by prudence, but not by risk aversion or temperance.
- Sprache
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Englisch
- Erschienen in
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2020: Gender Economics
- Klassifikation
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Wirtschaft
Field Experiments
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Fertility; Family Planning; Child Care; Children; Youth
- Thema
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Higher order risk
prudence
temperance
field behavior
adolescents
health
addictive behavior
smartphone addiction
- Ereignis
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Geistige Schöpfung
- (wer)
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Schneider, Sebastian O.
Sutter, Matthias
- Ereignis
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Veröffentlichung
- (wer)
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ZBW - Leibniz Information Centre for Economics
- (wo)
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Kiel, Hamburg
- (wann)
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2020
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Schneider, Sebastian O.
- Sutter, Matthias
- ZBW - Leibniz Information Centre for Economics
Entstanden
- 2020