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Different Contexts, Different Risk Preferences?
| Content Provider | Scilit |
|---|---|
| Author | Barseghyan, Levon Teitelbaum, Joshua C. Xu, Lin |
| Copyright Year | 2018 |
| Description | Journal: SSRN Electronic Journal We examine the stability of risk preferences across contexts involving different stakes. Using data on households' deductible choices in three property insurance coverages and their limit choices in two liability insurance coverages, we assess the stability across the five contexts in the ordinal ranking of the households' willingness to bear risk. We find evidence of stability across contexts involving stakes of the same magnitude, but not across contexts involving stakes of very different magnitudes. Our results appear to be robust to heterogeneity in wealth and access to credit, complicating seemingly ready explanations. |
| Related Links | https://scholarship.law.georgetown.edu/cgi/viewcontent.cgi?article=3090&context=facpub https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3200657 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3200657 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-06-20 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Industrial Relations Risk Preferences |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
