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Title:Genetic influences on economic preferences PDF Logo
Authors:Cesarini, David
Dawes, Christopher T.
Johannesson, Magnus
Lichtenstein, Paul
Wallace, Björn
Issue Date:2007
Series/Report no.:SSE/EFI Working Paper Series in Economics and Finance 679
Abstract:In this paper, we use the classical twin design to provide estimates of genetic and environmental influences on experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie evidence that these preferences are broadly heritable and our estimates suggest that genetic differences explain approximately twenty percent of individual variation. The results thus shed light on an important source of individual variation in preferences, a source which has hitherto largely been neglected in the economics literature.
Subjects:Genetics
Altruism
Risk Aversion
Preferences
Experiments
JEL:C90
D01
D64
Document Type:Working Paper
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

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