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The impact of life experiences on risk taking

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  • Ayton, Peter
  • Bernile, Gennaro
  • Bucciol, Alessandro
  • Zarri, Luca

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  • Ayton, Peter & Bernile, Gennaro & Bucciol, Alessandro & Zarri, Luca, 2020. "The impact of life experiences on risk taking," Journal of Economic Psychology, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:joepsy:v:79:y:2020:i:c:s0167487020300313
    DOI: 10.1016/j.joep.2020.102274
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    2. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2011. "Individual Risk Attitudes: Measurement, Determinants, And Behavioral Consequences," Journal of the European Economic Association, European Economic Association, vol. 9(3), pages 522-550, June.
    3. Hetschko, Clemens & Preuss, Malte, 2020. "Income in jeopardy: How losing employment affects the willingness to take risks," Journal of Economic Psychology, Elsevier, vol. 79(C).
    4. Barron, Greg & Ursino, Giovanni, 2013. "Underweighting rare events in experience based decisions: Beyond sample error," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 278-286.
    5. Benedicte Apouey & Andrew E. Clark, 2015. "Winning Big but Feeling no Better? The Effect of Lottery Prizes on Physical and Mental Health," Health Economics, John Wiley & Sons, Ltd., vol. 24(5), pages 516-538, May.
    6. Fisher, Patti J. & Yao, Rui, 2017. "Gender differences in financial risk tolerance," Journal of Economic Psychology, Elsevier, vol. 61(C), pages 191-202.
    7. Ulrike Malmendier & Stefan Nagel, 2011. "Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 373-416.
    8. Elaine M. Liu & Sharon Xuejing Zuo, 2019. "Measuring the impact of interaction between children of a matrilineal and a patriarchal culture on gender differences in risk aversion," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 116(14), pages 6713-6719, April.
    9. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    10. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David B. Huffman & Uwe Sunde, 2017. "Global Evidence on Economic Preferences," NBER Working Papers 23943, National Bureau of Economic Research, Inc.
    11. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2018. "Time varying risk aversion," Journal of Financial Economics, Elsevier, vol. 128(3), pages 403-421.
    12. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1645-1692.
    13. Bucciol, Alessandro & Zarri, Luca, 2015. "The shadow of the past: Financial risk taking and negative life events," Journal of Economic Psychology, Elsevier, vol. 48(C), pages 1-16.
    14. Ben R. Newell & Tim Rakow & Eldad Yechiam & Michael Sambur, 2016. "Rare disaster information can increase risk-taking," Nature Climate Change, Nature, vol. 6(2), pages 158-161, February.
    15. David Cesarini & Magnus Johannesson & Paul Lichtenstein & Örjan Sandewall & Björn Wallace, 2010. "Genetic Variation in Financial Decision‐Making," Journal of Finance, American Finance Association, vol. 65(5), pages 1725-1754, October.
    16. Dalton, Patricio S. & Nhung, Nguyen & Rüschenpöhler, Julius, 2020. "Worries of the poor: The impact of financial burden on the risk attitudes of micro-entrepreneurs," Journal of Economic Psychology, Elsevier, vol. 79(C).
    17. Görlitz, Katja & Tamm, Marcus, 2020. "Parenthood, risk attitudes and risky behavior," Journal of Economic Psychology, Elsevier, vol. 79(C).
    18. Abatayo, Anna Lou & Lynham, John, 2020. "Risk preferences after a typhoon: An artefactual field experiment with fishers in the Philippines," Journal of Economic Psychology, Elsevier, vol. 79(C).
    19. Hannah Schildberg-Hörisch, 2018. "Are Risk Preferences Stable?," Journal of Economic Perspectives, American Economic Association, vol. 32(2), pages 135-154, Spring.
    20. Bellucci, Davide & Fuochi, Giulia & Conzo, Pierluigi, 2020. "Childhood exposure to the Second World War and financial risk taking in adult life," Journal of Economic Psychology, Elsevier, vol. 79(C).
    21. Gennaro Bernile & Vineet Bhagwat & P. Raghavendra Rau, 2017. "What Doesn't Kill You Will Only Make You More Risk-Loving: Early-Life Disasters and CEO Behavior," Journal of Finance, American Finance Association, vol. 72(1), pages 167-206, February.
    22. Banks, James & Bassoli, Elena & Mammi, Irene, 2020. "Changing attitudes to risk at older ages: The role of health and other life events," Journal of Economic Psychology, Elsevier, vol. 79(C).
    23. Meghan R. Busse & Devin G. Pope & Jaren C. Pope & Jorge Silva-Risso, 2015. "The Psychological Effect of Weather on Car Purchases," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(1), pages 371-414.
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    Cited by:

    1. Simon Grima & Bahattin Hamarat & Ercan Özen & Alessandra Girlando & Rebecca Dalli-Gonzi, 2021. "The Relationship between Risk Perception and Risk Definition and Risk-Addressing Behaviour during the Early COVID-19 Stages," JRFM, MDPI, vol. 14(6), pages 1-26, June.
    2. Rice, Nigel & Robone, Silvana, 2022. "The effects of health shocks on risk preferences: Do personality traits matter?," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 356-371.
    3. repec:cup:judgdm:v:17:y:2022:i:4:p:745-767 is not listed on IDEAS
    4. Preuss, Malte, 2021. "Intra-individual stability of two survey measures on forward-looking attitude," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 201-227.
    5. Michael Crilly & Georgiana Varna & Chandra Mouli Vemury & Mark Lemon & Andrew Mitchell, 2023. "Building Equality: A “Litmus Test” for Recognising and Evidencing Inequalities and Segregation in the Built Environment," Urban Planning, Cogitatio Press, vol. 8(1), pages 372-387.
    6. Cäzilia Loibl & Wändi Bruine de Bruin & Barbara Summers & Simon McNair & Pieter Verhallen, 2022. "Which financial stressors are linked to food insecurity among older adults in the United Kingdom, Germany, and the Netherlands? An exploratory study," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 14(2), pages 533-556, April.
    7. Arman ESHRAGHI & TAKAHASHI Hidetomo & XU Peng, 2021. "Early-Life War Experiences and Corporate Financial Outcomes," Discussion papers 21081, Research Institute of Economy, Trade and Industry (RIETI).
    8. repec:jdm:journl:v:17:y:2022:i:4:p:745-767 is not listed on IDEAS
    9. Biener, Christian & Landmann, Andreas, 2023. "Recovery mode: Non-cognitive skills after the storm," World Development, Elsevier, vol. 164(C).

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