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dc.contributor.authorDing, Xiaohaoen_US
dc.contributor.authorHartog, Joopen_US
dc.contributor.authorSun, Yuzeen_US
dc.date.accessioned2010-03-17en_US
dc.date.accessioned2010-07-07T12:07:56Z-
dc.date.available2010-07-07T12:07:56Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36318-
dc.description.abstractWe combine a survey and an experiment with real pay-out among Peking University students to measure and validate individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions ask for the reservation price of a hypothetical lottery and self-assessment of risk attitude on a 0-10 scale. We confirm familiar findings: risk aversion dominates, women are more risk averse than men, risk aversion decreases with increasing parental income, risk attitudes are domain-specific. Correlations between survey measures and experimental measures, are in the right direction, but not very high. The survey measures are valid indicators of experimentally measured risk attitude, but with substantial noise remaining. Heterogeneity in levels and structures of risk attitude is large.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4807en_US
dc.subject.jelD12en_US
dc.subject.ddc330en_US
dc.subject.keywordRisk attitudeen_US
dc.subject.keywordsurvey questionen_US
dc.subject.keywordexperimental validationen_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwBefragungen_US
dc.subject.stwTesten_US
dc.subject.stwChinaen_US
dc.titleCan we measure individual risk attitudes in a survey?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn621244546en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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