|
EconStor >
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
SOEPpapers on Multidisciplinary Panel Data Research, DIW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62331
|
| | |
| Title: | | Stereotypes and risk attitudes: Evidence from the lab and the field  |
| Authors: | | Leuermann, Andrea Roth, Benjamin |
| Issue Date: | | 2012 |
| Series/Report no.: | | SOEPpapers on Multidisciplinary Panel Data Research 474 |
| Abstract: | | Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this paper, we deploy an artefactual field experiment and study whether subjects - non-professionals and -financial professionals - are aware of these correlations. This is largely confirmed by our results for all subject groups. We show that the subjects attach informational value to sociodemographic information when assessing others' risk attitudes. This provides external validity to the correlations found between risk preferences and sociodemographics. A person's self-assessment of risk attitudes is the most helpful device for the subjects' assessments of others, although experienced professionals make use of it to a minor extent than all other subjects. |
| Subjects: | | risk preferences financial advice artefactual field experiment behavioral finance |
| JEL: | | C91 D81 G02 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW SOEPpapers on Multidisciplinary Panel Data Research, DIW
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/62331
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|