Economics at your fingertips  

Intertemporal stability of survey‐based measures of risk and time preferences

Andreas Drichoutis and Achilleas Vassilopoulos

Journal of Economics & Management Strategy, 2021, vol. 30, issue 3, 655-683

Abstract: Given the importance of risk and time preferences for economics and other disciplines, we seek to examine the intertemporal stability of six related survey‐based measures. Using a panel of subjects over three waves, between 2013 and 2015, we find aggregate and individual stability over the examined period for four of these measures (Patience, Risk, Risk Investment, and the Domain‐Specific Risk‐Taking scale) while only for Impulsiveness we observe significant patterns of instability, both individually and collectively. Our results contribute to the discussion on the wider adoption of survey‐based measures, especially considering the ease with which such measures can be incorporated in large‐scale surveys.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.blackwell ... ref=1058-6407&site=1

Access Statistics for this article

More articles in Journal of Economics & Management Strategy from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2024-02-21
Handle: RePEc:bla:jemstr:v:30:y:2021:i:3:p:655-683