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|Title:||Genetic influences on economic preferences |
Dawes, Christopher T.
|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.|
|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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