Economics at your fingertips  

Group and individual risk preferences: A lottery-choice experiment with self-employed and salaried workers

David Masclet (), Nathalie Colombier, Laurent Denant-Boèmont () and Youenn Loheac ()

Journal of Economic Behavior & Organization, 2009, vol. 70, issue 3, 470-484

Abstract: This paper focuses on decision making under risk, comparing group and individual risk preferences in a lottery-choice experiment. In the individual treatment, subjects make choices individually; in the group treatment, each subject placed in a group made lottery choice via voting. In the choice treatment, subjects choose whether to be on their own or in a group. The originality of this research lies in the fact that we introduced variability in socio-demographic characteristics by recruiting salaried and self-employed workers. Our main findings indicate that groups are more likely than individuals to choose safe lotteries. Our results also show that individuals risk attitude is correlated with both the type and the sector of employment.

Keywords: Decision; under; risk; Individual; decision; Group; decision; Self-employment (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (78) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Group and individual risk preferences: a lottery-choice experiment with self-employed and salaried workers (2009)
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:

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-09-28
Handle: RePEc:eee:jeborg:v:70:y:2009:i:3:p:470-484