Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37396 
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dc.contributor.authorMaier, Johannesen
dc.contributor.authorRüger, Maximilianen
dc.date.accessioned2010-08-11T08:53:13Z-
dc.date.available2010-08-11T08:53:13Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/37396-
dc.description.abstractIn 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.isoengen
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-V2en
dc.subject.jelD81en
dc.subject.jelC91en
dc.subject.jelD00en
dc.subject.ddc330en
dc.subject.keywordRisk Aversionen
dc.subject.keywordCRRAen
dc.subject.keywordMultiple Price-Listen
dc.subject.keywordElicitationen
dc.subject.keywordLaboratory Experimenten
dc.titleA Note on Measuring Risk Aversion-
dc.typeConference Paperen
dc.identifier.ppn655956557en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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