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Risk-taking middle-borns: A study on birth-order and risk preferences

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Author Info

  • Lampi, Elina

    () (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Nordblom, Katarina

    () (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

We analyze the impacts of birth order and presence/absence of siblings on risk preferences with respect to economic, health/safety, and sport/lifestyle related risks. We study both the answer to a hypothetical lottery question and stated risky behavior and find that middle-borns are consistently less risk averse than others irrespective of the type of risk. Moreover, the answer to the lottery question is strongly correlated with economic and sport/lifestyle related risky behavior.

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File URL: http://hdl.handle.net/2077/22177
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Bibliographic Info

Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 438.

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Length: 20 pages
Date of creation: 29 Mar 2010
Date of revision:
Handle: RePEc:hhs:gunwpe:0438

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research

Keywords: siblings; birth-order; middle-born; different risks; lottery;

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