Title

Lost in state space: Are preferences stable?

Authors

Authors

S. Andersen; G. W. Harrison; M. I. Lau;E. E. Rutstroem

Comments

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Abbreviated Journal Title

Int. Econ. Rev.

Keywords

SAMPLE SELECTION BIAS; RISK-AVERSION; FIELD EXPERIMENT; MODELS; DENMARK; CHOICE; HABIT; Economics

Abstract

We use field experiments to examine the temporal stability of risk preferences. Over a 17-month period, we elicited risk preferences from subjects chosen to be representative of the adult Danish population. During this period we revisited many of these subjects and repeated a risk aversion elicitation task. We find some variation in risk attitudes over time, but we do not detect a general tendency for risk attitudes to increase or decrease over a 17-month span. The results also suggest that risk preferences are state contingent with respect to personal finances.

Journal Title

International Economic Review

Volume

49

Issue/Number

3

Publication Date

1-1-2008

Document Type

Article

DOI Link

http://dx.doi.org/10.1111/j.1468-2354.2008.00507.x

Language

English

First Page

1091

Last Page

1112

WOS Identifier

WOS:000258260800012

ISSN

0020-6598

Recommended Citation

"Lost in state space: Are preferences stable?" (2008). Faculty Bibliography 2000s. 70.
https://stars.library.ucf.edu/facultybib2000/70