Genetic Variation in Preferences for Giving and Risk-Taking
David Cesarini (),
Christopher T. Dawes (),
Magnus Johannesson (),
Paul Lichtenstein () and
Björn Wallace ()
Additional contact information
Christopher T. Dawes: Political Science Department, University of California, San Diego, Postal: University of California, San Diego, 9500 Gilman Drive 0521, La Jolla, CA 92093-0521, USA
Paul Lichtenstein: Department of Medical Epidemiology and Biostatistics, Karolinska Institutet, Postal: Karolinska Institutet, Box 281, SE-171 77 Stockholm, Sweden
Björn Wallace: Dept. of Economics, Stockholm School of Economics, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden
No 679, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics
In this paper, we use the classical twin design to provide estimates of genetic and environmental influences on experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie evidence that these preferences are broadly heritable and our estimates suggest that genetic differences explain approximately twenty percent of individual variation. The results thus shed light on an important source of individual variation in preferences, a source which has hitherto largely been neglected in the economics literature.
Keywords: Genetics; Altruism; Risk Aversion; Preferences; Experiments (search for similar items in EconPapers)
JEL-codes: C90 D01 D64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-ltv and nep-upt
Date: 2007-11-22, Revised 2009-01-12
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (112) Track citations by RSS feed
Forthcoming in Quarterly Journal of Economics.
Downloads: (external link)
Journal Article: Genetic Variation in Preferences for Giving and Risk Taking (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:hhs:hastef:0679
Access Statistics for this paper
More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Series data maintained by Helena Lundin ().