Within- versus between-country differences in risk attitudes: implications for cultural comparisons

Ferdinand Vieider (), Thorsten Chmura (), Tyler Fisher, Takao Kusakawa, Peter Martinsson, Frauke Mattison Thompson and Adewara Sunday

Theory and Decision, 2015, vol. 78, issue 2, 209-218

Abstract: Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large. Copyright Springer Science+Business Media New York 2015

Keywords: Risk attitudes; Cultural comparison; Experimental economics; C18; C90; D80 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (28)

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DOI: 10.1007/s11238-014-9418-3

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