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All over the map: a worldwide comparison of risk preferences

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Veröffentlicht in: Quantitative economics 10(2019), 1 vom: Jan., Seite 185-215
Personen und Körperschaften: L'Haridon, Olivier (VerfasserIn), Vieider, Ferdinand M. (VerfasserIn)
Titel: All over the map: a worldwide comparison of risk preferences/ Olivier l'Haridon, Ferdinand M. Vieider
Format: E-Book-Kapitel
Sprache: Englisch
veröffentlicht:
2019
Gesamtaufnahme: : Quantitative economics, 10(2019), 1 vom: Jan., Seite 185-215
, volume:10
Schlagwörter:
Quelle: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
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contents We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and likelihood‐dependence are found to be important everywhere. Model parameters in non‐Western countries differ systematically from those in Western countries, with poorer countries substantially more risk tolerant than rich countries on average. We qualify previous findings on gender effects and cognitive ability by showing how they mainly impact likelihood‐dependence. We further add novel evidence on the correlation between risk preferences and study major. Whereas we confirm previous results on observable characteristics of subjects explaining little of overall preference heterogeneity, a few macroeconomic indicators can explain a considerable part of the between‐country heterogeneity.
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spelling L'Haridon, Olivier VerfasserIn (DE-588)132030462 (DE-627)516850911 (DE-576)298904233 aut, All over the map a worldwide comparison of risk preferences Olivier l'Haridon, Ferdinand M. Vieider, 2019, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and likelihood‐dependence are found to be important everywhere. Model parameters in non‐Western countries differ systematically from those in Western countries, with poorer countries substantially more risk tolerant than rich countries on average. We qualify previous findings on gender effects and cognitive ability by showing how they mainly impact likelihood‐dependence. We further add novel evidence on the correlation between risk preferences and study major. Whereas we confirm previous results on observable characteristics of subjects explaining little of overall preference heterogeneity, a few macroeconomic indicators can explain a considerable part of the between‐country heterogeneity., Aufsatz in Zeitschrift DE-206, Vieider, Ferdinand M. 1976- VerfasserIn (DE-588)136216668 (DE-627)577224417 (DE-576)30090116X aut, Enthalten in Quantitative economics Oxford [u.a.] : Wiley, 2010 10(2019), 1 vom: Jan., Seite 185-215 Online-Ressource (DE-627)633816477 (DE-600)2569569-1 (DE-576)32818862X 1759-7331 nnns, volume:10 year:2019 number:1 month:01 pages:185-215, http://doi.org/10.3982/QE898 Resolving-System kostenfrei Volltext, http://qeconomics.org/ojs/index.php/qe/article/downloadSuppFile/645/2239 Verlag kostenfrei Volltext, http://hdl.handle.net/10419/217140 Resolving-System kostenfrei, https://creativecommons.org/licenses/by-nc/4.0/ Verlag Terms of use, http://doi.org/10.3982/QE898 LFER, http://qeconomics.org/ojs/index.php/qe/article/downloadSuppFile/645/2239 LFER, LFER 2020-11-10T01:58:36Z
spellingShingle L'Haridon, Olivier, Vieider, Ferdinand M., All over the map: a worldwide comparison of risk preferences, We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and likelihood‐dependence are found to be important everywhere. Model parameters in non‐Western countries differ systematically from those in Western countries, with poorer countries substantially more risk tolerant than rich countries on average. We qualify previous findings on gender effects and cognitive ability by showing how they mainly impact likelihood‐dependence. We further add novel evidence on the correlation between risk preferences and study major. Whereas we confirm previous results on observable characteristics of subjects explaining little of overall preference heterogeneity, a few macroeconomic indicators can explain a considerable part of the between‐country heterogeneity., Aufsatz in Zeitschrift
title All over the map: a worldwide comparison of risk preferences
title_auth All over the map a worldwide comparison of risk preferences
title_full All over the map a worldwide comparison of risk preferences Olivier l'Haridon, Ferdinand M. Vieider
title_fullStr All over the map a worldwide comparison of risk preferences Olivier l'Haridon, Ferdinand M. Vieider
title_full_unstemmed All over the map a worldwide comparison of risk preferences Olivier l'Haridon, Ferdinand M. Vieider
title_in_hierarchy All over the map: a worldwide comparison of risk preferences / Olivier l'Haridon, Ferdinand M. Vieider,
title_short All over the map
title_sort all over the map a worldwide comparison of risk preferences
title_sub a worldwide comparison of risk preferences
topic Aufsatz in Zeitschrift
topic_facet Aufsatz in Zeitschrift
url http://doi.org/10.3982/QE898, http://qeconomics.org/ojs/index.php/qe/article/downloadSuppFile/645/2239, http://hdl.handle.net/10419/217140, https://creativecommons.org/licenses/by-nc/4.0/