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Within - versus between - country differences in risk attitudes: implications for cultural comparisons

Vieider, F. M., Chmura, T., Fisher, T., Kusakawa, T., Martinsson, P., Mattison Thompson, F. and Sunday, A. (2015) Within - versus between - country differences in risk attitudes: implications for cultural comparisons. Theory and Decision, 78 (2). pp. 209-218. ISSN 1573-7187

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To link to this item DOI: 10.1007/s11238-014-9418-3

Abstract/Summary

Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:46526
Publisher:Springer

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