Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/235755 
Autor:innen: 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 1118
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people's emotions over time predicts changes in risk attitudes. Using a large panel data set, I identify happiness, anger, and fear as significant correlates of within-person changes in risk attitudes. Robustness checks indicate a limited role of alternative explanations. An event study around the death of a parent or child further confirms a large relationship between emotions and risk attitudes.
Schlagwörter: 
Emotions
happiness
risk attitudes
risk preferences
preference stability
SOEP
JEL: 
D01
D90
D91
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.52 MB





Publikationen in EconStor sind urheberrechtlich geschützt.