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https://hdl.handle.net/10419/37396
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Maier, Johannes | en |
dc.contributor.author | Rüger, Maximilian | en |
dc.date.accessioned | 2010-08-11T08:53:13Z | - |
dc.date.available | 2010-08-11T08:53:13Z | - |
dc.date.issued | 2010 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aVerein für Socialpolitik |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Measuring Risk Preferences |xG6-V2 | en |
dc.subject.jel | D81 | en |
dc.subject.jel | C91 | en |
dc.subject.jel | D00 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Risk Aversion | en |
dc.subject.keyword | CRRA | en |
dc.subject.keyword | Multiple Price-List | en |
dc.subject.keyword | Elicitation | en |
dc.subject.keyword | Laboratory Experiment | en |
dc.title | A Note on Measuring Risk Aversion | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 655956557 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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