Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/245434.2 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
CESifo Working Paper No. 9253
Versionsangabe: 
This Version: June 2025
Verlag: 
CESifo GmbH, Munich
Zusammenfassung: 
We embed an experiment in a large-scale representative survey to investigate how relative wealth affects risk-taking and how this effect varies as a function of perceived control over life outcomes. Our results contest the common prediction of higher risk-taking in the middle of the distribution. Instead, we find that respondents who are induced to perceive their relative wealth as low display more tolerance towards risk in a subsequent incentivized risk-taking task. This effect is not uniform but is mainly driven by individuals who more firmly believe that life outcomes are beyond their control.
Schlagwörter: 
relative wealth
risk preferences
survey experiment
locus of control
JEL: 
C93
D31
D81
D91
E21
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe




Versionsverlauf
Version Dokument Versionsbeschreibung
2 10419/245434.2 Revised Version: June 2025
1 10419/245434 Original Version: August 2021

Publikationen in EconStor sind urheberrechtlich geschützt.