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Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37396
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Maier, Johannes | | en_US |
| dc.contributor.author | | Rüger, Maximilian | | en_US |
| dc.date.accessioned | | 2010-08-11T08:53:13Z | | - |
| dc.date.available | | 2010-08-11T08:53:13Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37396 | | - |
| dc.description.abstract | | In this paper we propose a new method to elicit the intensity of individual's risk preferences. Our method uses a simple multiple price-list format and is based on the increasing risk definitions of Rothschild and Stiglitz (1970, 1971). We are thus able to classify individuals as more or less risk-averse without assuming an expected utility framework. In a lab experiment we directly compare our method to the well-known method of Holt and Laury (2002) and find that our approach yields higher estimates of relative risk aversion that are much closer to what is observed in the field. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Verein für Socialpolitik Frankfurt a. M. | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Measuring Risk Preferences G6-V2 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | C91 | | en_US |
| dc.subject.jel | | D00 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Risk Aversion | | en_US |
| dc.subject.keyword | | CRRA | | en_US |
| dc.subject.keyword | | Multiple Price-List | | en_US |
| dc.subject.keyword | | Elicitation | | en_US |
| dc.subject.keyword | | Laboratory Experiment | | en_US |
| dc.title | | A Note on Measuring Risk Aversion | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 655956557 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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