Just Who Are You Calling Risk Averse? |
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| Authors: | Isaac R Mark James Duncan |
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| Institution: | (1) Department of Economics, University of Arizona, USA;(2) Department of Economics, Fordham University, USA |
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| Abstract: | 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. |
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| Keywords: | risk aversion laboratory experiments |
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