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Query: faculty: "FEB" and publication year: "2002"

AuthorsJ. Hartog, A. Ferrer-i-Carbonell, N. Jonker
TitleLinking Measured Risk Aversion to Individual Characteristics.
JournalKyklos
Volume55
Year2002
Issue1
Pages3-26
ISSN0023-5962
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsRisk aversion; Income
AbstractFrom the stated price of a specified lottery in three unrelated surveys we deduce individuals' Arrow-Pratt measure of risk aversion. We find that risk aversion indeed falls with income and wealth. Entrepreneurs are less risk averse than employees, civil servants are more risk averse than private sector employees, and women are more risk averse than men. A simple lottery question appears a promising survey instrument to explore risk attitude and its relation to personal characteristics
Document typeArticle
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