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Can self-assessed risk attitudes predict behavior under risk? Evidence from a field study in China

Pan He

Economics Letters, 2018, vol. 172, issue C, 107-109

Abstract: This paper examines whether the self-assessed risk attitude predicts individual choice under risk in a field study on a sample of more than 200 Chinese farmers. Farmers’ self-assessed risk attitudes are elicited by the widely used German socio-economic panel (SOEP) general risk question. Individual choice in the Bomb Risk Elicitation Task (BRET) is tested. Results show that the self-assessed willingness to take risks is not significantly correlated with the actual choice in the BRET risk experiment.

Keywords: Risk preferences; Elicitation measure; Field study (search for similar items in EconPapers)
JEL-codes: C93 D81 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:ecolet:v:172:y:2018:i:c:p:107-109