COMMON COMPONENTS OF RISK AND UNCERTAINTY ATTITUDES ACROSS CONTEXTS AND DOMAINS: EVIDENCE FROM 30 COUNTRIES

• 成果类型: Article
• 署名作者: Vieider, Ferdinand M.; Lefebvre, Mathieu; Bouchouicha, Ranoua; Chmura, Thorsten; Hakimov, Rustamdjan; Krawczyk, Michal; Martinsson, Peter
• 署名单位: Institut Agro; Montpellier SupAgro; Centre National de la Recherche Scientifique (CNRS); Universite de Montpellier; University of Reading; University of Nottingham; University of Warsaw; University of Gothenburg
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1111/jeea.12102
• 发表日期: 2015
• 页码: 421-452
• 关键词: personal distribution; decision weights; probability; CHOICE; gains; elicitation; preferences; utility; losses

摘要

Attitudes towards risk and uncertainty have been indicated to be highly context-dependent, and to be sensitive to the measurement technique employed. We present data collected in controlled experiments with 2,939 subjects in 30 countries measuring risk and uncertainty attitudes through incentivized measures as well as survey questions. Our data show clearly that measures correlate not only within decision contexts or measurement methods, but also across contexts and methods. This points to the existence of one underlying risk preference, which influences attitudes independently of the measurement method or choice domain. We furthermore find that answers to a general and a financial survey question correlate with incentivized lottery choices in most countries. Incentivized and survey measures also correlate significantly between countries. This opens the possibility to conduct cultural comparisons on risk attitudes using survey instruments.