Forthcoming – Review of Economics & Statistics
ABSTRACT: We evaluate the temporal stability of risk preferences using a remarkable data set that combines socio-demographic information from the Danish Civil Registry with information on risk attitudes from a longitudinal field experiment. Our econometric model accounts for endogenous sample selection and attrition processes… more »
Published in 2018 in Review of Economics & Statistics, Volume 100, Issue 5.
ABSTRACT: We provide evidence that choices over small-stakes bets are consistent with assumptions of some payoff calibration paradoxes. We then exploit the existence of detailed information on individual wealth of our experimental subjects in Denmark and directly estimate… more »