Arbeitspapier
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 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 14755
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Thema
-
stability of risk preferences
measurement of risk aversion
COVID-19
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Adema, Joop
Nikolka, Till
Poutvaara, Panu
Sunde, Uwe
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Adema, Joop
- Nikolka, Till
- Poutvaara, Panu
- Sunde, Uwe
- Institute of Labor Economics (IZA)
Entstanden
- 2021