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Une étude expérimentale du degré individuel et collectif d'aversion au risque
| Content Provider | Semantic Scholar |
|---|---|
| Author | Colombier, Nathalie Denant-Boèmont, Laurent Lohéac, Youenn Masclet, David |
| Copyright Year | 2008 |
| Abstract | Our paper focuses on decision-making under risk. We compare group preferences and individual preferences over risk using a lottery-choice experiment inspired by Holt and Laury (2002). In our individual procedure, subjects made lottery choices individually. In our group procedure, groups of three subjects had to reach unanimous lottery-choice decisions through a vote. In a third procedure, called choice procedure, subjects could choose their preferred decision-making method endogenously. Our main findings are that groups are more likely to choose safe lottery than individuals. The results alsoindicate a positive relationship between preference for risk and willingness to decide alone. The degree of risk aversion is mainly determined by individual characteristics. |
| Starting Page | 89 |
| Ending Page | 101 |
| Page Count | 13 |
| File Format | PDF HTM / HTML |
| DOI | 10.3406/ecop.2008.7839 |
| Volume Number | 185 |
| Alternate Webpage(s) | https://perso.univ-rennes1.fr/david.masclet/version%20finale%20r%C3%A9vis%C3%A9e%20%C3%A9co%20et%20prev%201.pdf |
| Alternate Webpage(s) | https://doi.org/10.3406/ecop.2008.7839 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
