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Risk attitude elicitation methods: do they tell similar stories?

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Alexy, M., Georgantzis, N., Kácer, M. and Péliová, J. (2016) Risk attitude elicitation methods: do they tell similar stories? Economicky Casopis/Journal of Economics, 64 (9). pp. 847-877. ISSN 0013-3035

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Official URL: https://www.sav.sk/index.php?lang=en&doc=journal-l...

Abstract/Summary

We study risk attitudes elicited through three different procedures. We find that the classification of subjects according to each one of the procedures predicts little of a subject’s attitude towards risk as elicited by another procedure. However, we find that the more similar two decision-making contexts are, the closer the relationship between risk attitudes elicited through them. Our results reveal that some of the previous findings on women’s higher risk aversion could be attributed to women’s higher sensitivity to losses and the size of the stakes.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:68492
Publisher:Slovak Academy of Sciences

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