Risk-taking middle-borns: A study on birth-order and risk preferences

Elina Lampi and Katarina Nordblom ()

No 438, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: We analyze the impacts of birth order and presence/absence of siblings on risk preferences with respect to economic, health/safety, and sport/lifestyle related risks. We study both the answer to a hypothetical lottery question and stated risky behavior and find that middle-borns are consistently less risk averse than others irrespective of the type of risk. Moreover, the answer to the lottery question is strongly correlated with economic and sport/lifestyle related risky behavior.

Keywords: siblings; birth-order; middle-born; different risks; lottery (search for similar items in EconPapers)
JEL-codes: D03 D89 J10 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2010-03-29
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
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