Title

Lost In State Space: Are Preferences Stable?

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. © 2008 the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Publication Date

8-1-2008

Publication Title

International Economic Review

Volume

49

Issue

3

Number of Pages

1091-1112

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1468-2354.2008.00507.x

Socpus ID

42449096326 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/42449096326

This document is currently not available here.

Share

COinS