Title

Estimating Risk Attitudes In Denmark: A Field Experiment

Keywords

Field experiment; Risk aversion; Socio-demographic characteristics

Abstract

We estimate individual risk attitudes using controlled experiments in the field in Denmark. The experiments were carried out across Denmark using a representative sample of 253 people between 19 and 75 years of age. Risk attitudes are estimated for various individuals differentiated by socio-demographic characteristics. Our results indicate that the average Dane is risk averse, and that risk neutrality is an inappropriate assumption to apply. We also find that risk attitudes vary significantly with respect to several important socio-demographic variables such as age and education. However, we do not find any effect of sex on risk attitudes. © The editors of the Scandinavian Journal of Economics 2007.

Publication Date

6-1-2007

Publication Title

Scandinavian Journal of Economics

Volume

109

Issue

2

Number of Pages

341-368

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1467-9442.2007.00496.x

Socpus ID

34548316609 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/34548316609

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