Preprint2010

Risk-taking middle-borns: A study on birth- order and risk preferences

2 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Experimental Behavioral Economics Studies

Abstract

We analyze the impacts of birth order and presence/absence of siblings on risk preferences with respect to economic, health/safety, and sport/lifestyle related risks. We study both the answer to a hypothetical lottery question and stated risky behavior and find that middle-borns are consistently less risk averse than others irrespective of the type of risk. Moreover, the answer to the lottery question is strongly correlated with economic and sport/lifestyle related risky behavior.

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2002Risk Aversion and Incentive Effects 2001Boys will be Boys: Gender, Overconfidence, and Common Stock Investment 2011INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES 2002A domain‐specific risk‐attitude scale: measuring risk perceptions and risk behaviors 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework 1997Gender differences in risk behaviour in financial decision-making: An experimental analysis 2011The Intergenerational Transmission of Risk and Trust Attitudes 2008Men, Women and Risk Aversion: Experimental Evidence

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