Does risk aversion or attraction depend on income? An experiment

Antoni Bosch-Domènech and Joaquim Silvestre

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: Does risk attitude (aversion or attraction) vary with the level of the income at risk? About half of our subjects chose to insure all levels, whereas another half chose instead not to insure low levels, but to insure high levels.

Keywords: Experimental economics; risk aversion; risk attraction; income risks; Leex (search for similar items in EconPapers)
JEL-codes: C9 D8 (search for similar items in EconPapers)
Date: 1999-02, Revised 1999-03
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

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Journal Article: Does risk aversion or attraction depend on income? An experiment (1999)
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