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
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
收藏
页码:177 / 187
页数:11
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