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
Copyright Status
Unknown
Socpus ID
42449096326 (Scopus)
Source API URL
https://api.elsevier.com/content/abstract/scopus_id/42449096326
STARS Citation
Andersen, Steffen; Harrison, Glenn W.; Lau, Morten I.; and Elisabet Rutström, E., "Lost In State Space: Are Preferences Stable?" (2008). Scopus Export 2000s. 10155.
https://stars.library.ucf.edu/scopus2000/10155