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Temporal stability of risk preference measures

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  • Katerina Straznicka

    (GATE Lyon Saint-Etienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure - Lyon)

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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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    Bibliographic Info

    Paper provided by HAL in its series Working Papers with number halshs-00768437.

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    Date of creation: 21 Dec 2012
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    Handle: RePEc:hal:wpaper:halshs-00768437

    Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00768437
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    Related research

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

    This paper has been announced in the following NEP Reports:

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