Risk aversion, prudence and temperance: an experiment in gain and loss
Marielle Brunette and
Julien Jacob ()
Additional contact information
Julien Jacob: BETA - Bureau d'Économie Théorique et Appliquée - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRA - Institut National de la Recherche Agronomique
Post-Print from HAL
We characterize the individual's attitude towards risk, prudence and temperance in the gain and loss domains. We analyze the links between the three features of preferences for a given domain and between domains for each feature of preferences. Consequently, the reflection effect, the mixed risk aversion and the risk apportionment, are key concepts of our study. We also display some determinants for risk aversion, prudence and temperance in each domain. To do this, we conducted a lab experiment with students eliciting risk aversion, prudence and temperance in the two domains, and collected information about each subject's characteristics.
Keywords: determinant; risk aversion; prudence; temperance; experiment; correlations (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-02114762
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Published in Research in Economics, Elsevier, 2019, 73 (2), pp.174-189. ⟨10.1016/j.rie.2019.04.004⟩
Downloads: (external link)
Journal Article: Risk aversion, prudence and temperance: An experiment in gain and loss (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02114762
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().