Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56327
Year of Publication: 
2007
Series/Report no.: 
SSE/EFI Working Paper Series in Economics and Finance No. 679
Publisher: 
Stockholm School of Economics, The Economic Research Institute (EFI), Stockholm
Abstract: 
In this paper, we use the classical twin design to provide estimates of genetic and environmental influences on experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie evidence that these preferences are broadly heritable and our estimates suggest that genetic differences explain approximately twenty percent of individual variation. The results thus shed light on an important source of individual variation in preferences, a source which has hitherto largely been neglected in the economics literature.
Subjects: 
Genetics
Altruism
Risk Aversion
Preferences
Experiments
JEL: 
C90
D01
D64
Document Type: 
Working Paper

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