Just who are you calling risk averse?

被引：104

作者：

Isaac, RM ^{[1
]}

James, D

机构：

[1] Univ Arizona, Dept Econ, Tucson, AZ 85721 USA

[2] Fordham Univ, Dept Econ, Bronx, NY 10458 USA

来源：

JOURNAL OF RISK AND UNCERTAINTY | 2000年 / 20卷 / 02期

基金：

美国国家科学基金会;

关键词：

risk aversion; laboratory experiments;

D O I：

10.1023/A:1007881008177

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper estimates individual risk preferences based upon data that are generated by the same individuals acting in different institutions. The results show that the (estimated) numerical values of individuals' implied risk parameters are not stable within individuals across institutions. Furthermore, the ranking across subjects of the numerical values of individuals' implied risk parameters is not preserved across institutions.

引用

页码：177 / 187

页数：11

共 23 条

[1] BEHAVIOR OF THE RATIONAL MAN BEFORE RISK - CRITICISM OF AMERICAN SCHOOL POSTULATES AND AXIOMS [J].

Allais, M. .

ECONOMETRICA, 1953, 21 (04) :503-546

[2]

[Anonymous], 1995, HDB EXPT EC

[3] MEASURING UTILITY BY A SINGLE-RESPONSE SEQUENTIAL METHOD [J].

BECKER, GM ;

DEGROOT, MH ;

MARSCHAK, J .

BEHAVIORAL SCIENCE, 1964, 9 (03) :226-232

[4]

Bernoulli D, 1738, Specimen theoriae novae de mensura sortis. Commentarii Academiae Scientiarum Imperialis Petropolitanae, Tomus V, V5, P175, DOI DOI 10.2307/1909829

[5]

COX J, 1986, EC PSYCHOL INTERSECT

[6]

Cox J.C., 1988, J RISK UNCERTAINTY, V1, P61, DOI DOI 10.1007/BF00055565

[7] Moral hazard and adverse selection in procurement contracting [J].

Cox, JC ;

Isaac, RM ;

Cech, PA ;

Conn, D .

GAMES AND ECONOMIC BEHAVIOR, 1996, 17 (02) :147-176

[8]

COX JC, 1996, RES EXPT EC, V6

[9]

DUNCAN J, 1998, VENTURE CAPITAL FINA

[10] THE UTILITY ANALYSIS OF CHOICES INVOLVING RISK [J].

Friedman, Milton ;

Savage, L. J. .

JOURNAL OF POLITICAL ECONOMY, 1948, 56 (04) :279-304

← 1 2 3 →