Temporal stability of estimates of risk aversion

Glenn William Harrison, Eric J. Johnson, Melayne Morgan McInnes, E. Elisabet Rutström

2005-01-01articleApplied Financial Economics Letters106 citationsclosed

No readable copy stored yet — this record is metadata only.

Decision-Making and Behavioral Economics Economic and Environmental Valuation Experimental Behavioral Economics Studies

Abstract

Estimates of risk aversion can be obtained from controlled laboratory experiments. The temporal stability of those preferences is assumed in many applications. This assumption is tested by eliciting risk aversion measures from subjects at two distinct times. Evidence consistent with the stability assumption is found.

Citations in this library

Stored only when both papers are in the corpus — 106 citations exist upstream.

References

2002Risk Aversion and Incentive Effects

2000Just Who Are You Calling Risk Averse?

Cited by

2018Demand Heterogeneity in Platform Markets: Implications for Complementors

2009Risk attitudes, randomization to treatment, and self-selection into experiments

2007Preference Heterogeneity in Experiments: Comparing the Field and Laboratory

2019How to run an experimental auction: a review of recent advances

2014Neuroanatomy Predicts Individual Risk Attitudes

2009Stability of risk preferences and the reflection effect of prospect theory

2012A failed attempt to explain within subject variation in risk taking behavior using domain specific risk attitudes

2008Measuring Risk Attitudes Controlling for Personality Traits