Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245513 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9332
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the willingness to take risks in an incentivized lottery task increased, for the same sample of respondents. These findings suggest domain specificity of preferences that is partly reflected in the different measures.
Subjects: 
stability of risk preferences
measurement of risk aversion
Covid-19
JEL: 
D12
D91
G50
Document Type: 
Working Paper
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