Temporal stability of risk preference measures

Katerina Straznicka ()
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Katerina Straznicka: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: We examine the temporal stability of risk preference measures obtained by different elicitation methods in a controlled laboratory experiment at two distinct times. Our results indicate remarkable temporal stability of risk measures at the aggregated level and temporal instability at the individual level. We control for the impact of, first, personality traits, and second, performance realized in a market game. When better market performers demonstrate more stable risk preferences, the impact of personality traits is marginal.

Keywords: Time stability; Risk Preferences; Personality Theory; Experimental economics (search for similar items in EconPapers)
Date: 2012-12-21
New Economics Papers: this item is included in nep-cbe, nep-evo and nep-exp
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00768437v1
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Citations: View citations in EconPapers (9)

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