On the stability of risk preferences: Measurement matters

Joop Adema, Till Nikolka, Panu Poutvaara and Uwe Sunde

Economics Letters, 2022, vol. 210, issue C

Abstract: We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the willingness to take risks in an incentivized lottery task increased, for the same sample of respondents. These findings suggest domain specificity of preferences that is partly reflected in the different measures.

Keywords: Stability of risk preferences; Measurement of risk aversion; COVID-19 (search for similar items in EconPapers)
JEL-codes: D12 D91 G50 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Working Paper: On the Stability of Risk Preferences: Measurement Matters (2021)
Working Paper: On the Stability of Risk Preferences: Measurement Matters (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:210:y:2022:i:c:s0165176521004377

DOI: 10.1016/j.econlet.2021.110172

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