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Temporal stability of risk preference measures

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  • Katerina Straznicka

    ()
    (Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France)

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    Abstract

    We examine the temporal stability of risk preference measures obtained by different elicitation methods in a controlled laboratory experiment at two distinct times. Our results indicate remarkable temporal stability of risk measures at the aggregated level and temporal instability at the individual level. We control for the impact of, first, personality traits, and second, performance realized in a market game. When better market performers demonstrate more stable risk preferences, the impact of personality traits is marginal.

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    File URL: ftp://ftp.gate.cnrs.fr/RePEc/2012/1236.pdf
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    Bibliographic Info

    Paper provided by Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure in its series Working Papers with number 1236.

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    Date of creation: 2012
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    Handle: RePEc:gat:wpaper:1236

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    Related research

    Keywords: Time stability; Risk Preferences; Personality Theory; Experimental economics;

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