Professional traders’ individual and social preferences under risk: Does group's wealth matter?

Rocco Caferra, Andrea Morone, Piergiuseppe Morone and Paolo Storelli

Annals of Public and Cooperative Economics, 2022, vol. 93, issue 4, 1063-1082

Abstract: We studied whether professional traders’ risk attitudes varied according to social context. To this extent, we examined whether the level of wealth in the relevant group influenced traders’ risky decisions. The results showed that risk aversion decreased with increased income/wealth conditions in the group context.

Date: 2022
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