Risk aversion, prudence and temperance: An experiment in gain and loss

被引：10
作者：
Brunette, Marielle [1 ,3 ]
Jacob, Julien [2 ]
机构：
[1] Univ Lorraine, Univ Strasbourg, AgroParisTech, CNRS,INRA,BETA, F-54000 Nancy, France
[2] Univ Lorraine, Univ Strasbourg, BETA, CNRS, F-54000 Nancy, France
[3] Climate Econ Chair, Paris, France
来源：
RESEARCH IN ECONOMICS | 2019年 / 73卷 / 02期
关键词：
Risk aversion; Prudence; Temperance; Experiment; Correlations; Determinant; OPTIMAL PREVENTION; SELF-INSURANCE; ATTITUDES; PREFERENCES; UNCERTAINTY; REFLECTION; AMBIGUITY; IMPACT;
D O I：
10.1016/j.rie.2019.04.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We characterize the individual's attitude towards risk, prudence and temperance in the gain and loss domains. We analyze the links between the three features of preferences for a given domain and between domains for each feature of preferences. Consequently, the reflection effect, the mixed risk aversion and the risk apportionment, are key concepts of our study. We also display some determinants for risk aversion, prudence and temperance in each domain. To do this, we conducted a lab experiment with students eliciting risk aversion, prudence and temperance in the two domains, and collected information about each subject's characteristics. (C) 2019 University of Venice. Published by Elsevier Ltd. All rights reserved.
引用
收藏
页码：174 / 189
页数：16
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