Higher Order Risk Attitudes of Financial Experts

Anna Bottasso, Sébastien Duchêne, Eric Guerci, Nobuyuki Hanaki and Charles Noussair

No 2021-02, Experimental Economics Center Working Paper Series from Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University

Abstract: We measure risk aversion, prudence and temperance in a sample of 173 financial experts. These experts are traders, analysts, or work in support or commercial functions in the financial industry, which routinely deals with risk. We compare their decisions with those of a demographically representative sample and of university students that are reported in the study of Noussair et al. (2014). The experts were more risk seeking and intemperate than individuals in the other two groups. They were also more imprudent than students, though equally prudent as the general population.

Keywords: Risk aversion; Prudence; Temperance; Experiment (search for similar items in EconPapers)
JEL-codes: D83 G11 G41 (search for similar items in EconPapers)
Pages: 37
Date: 2021-10
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Related works:
Journal Article: Higher order risk attitudes of financial experts (2022)
Working Paper: Higher order risk attitudes of financial experts (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:exc:wpaper:2021-02

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