Lost in state space: Are preferences stable?
Lost in state space: Are preferences stable?
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DOI:
10.1111/j.1468-2354.2008.00507.x
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发表时间:
2008-08-01
影响因子:
1.5
通讯作者:
Rutstroem, E. Elisabet
中科院分区:
文献类型:
--
作者:
Andersen, Steffen;Harrison, Glenn W.;Rutstroem, E. Elisabet
We use field experiments to examine the temporal stability of risk preferences. Over a 17-month period, we elicited risk preferences from subjects chosen to be representative of the adult Danish population. During this period we revisited many of these subjects and repeated a risk aversion elicitation task. We find some variation in risk attitudes over time, but we do not detect a general tendency for risk attitudes to increase or decrease over a 17-month span. The results also suggest that risk preferences are state contingent with respect to personal finances.