Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113055
Authors: 
Ebert, Sebastian
van de Kuilen, Gijs
Year of Publication: 
2015
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Risk Preferences and Loss Aversion E24-V2
Abstract: 
We study cross-risk preferences over wealth and two other attributes to obtain theory-free evidence on correlation aversion as well as higher-order cross-traits like cross-prudence and cross-temperance. Two experiments elicit the dependence structure of risk preferences between wealth and, respectively, waiting time and someone else's wealth. The latter experiment, which could be called ``risk preferences for you, me, and us'', connects bivariate risk preferences with (higher-order) inequality aversion. This first systematic exploration of bivariate risk attitudes helps assess the appropriateness of assumptions in economic models on health prevention, inequality, saving, or insurance.
JEL: 
D01
D81
C90
Document Type: 
Conference Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.