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Within- versus between-country differences in risk attitudes: implications for cultural comparisons

Author

Listed:
  • Ferdinand Vieider

    ()

  • Thorsten Chmura
  • Tyler Fisher
  • Takao Kusakawa
  • Peter Martinsson
  • Frauke Mattison Thompson
  • Adewara Sunday

Abstract

Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Ferdinand Vieider & Thorsten Chmura & Tyler Fisher & Takao Kusakawa & Peter Martinsson & Frauke Mattison Thompson & Adewara Sunday, 2015. "Within- versus between-country differences in risk attitudes: implications for cultural comparisons," Theory and Decision, Springer, vol. 78(2), pages 209-218, February.
  • Handle: RePEc:kap:theord:v:78:y:2015:i:2:p:209-218
    DOI: 10.1007/s11238-014-9418-3
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Marchegiani, Lucia & Reggiani, Tommaso & Rizzolli, Matteo, 2016. "Loss averse agents and lenient supervisors in performance appraisal," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 183-197.
    2. repec:kap:theord:v:83:y:2017:i:1:d:10.1007_s11238-016-9585-5 is not listed on IDEAS
    3. repec:taf:jriskr:v:21:y:2018:i:6:p:763-779 is not listed on IDEAS
    4. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," The Quarterly Journal of Economics, Oxford University Press, vol. 133(4), pages 1645-1692.
    5. repec:zbw:espost:167628 is not listed on IDEAS
    6. repec:kap:theord:v:82:y:2017:i:4:d:10.1007_s11238-016-9582-8 is not listed on IDEAS
    7. Bonin, Holger, 2017. "The Potential Economic Benefits of Education of Migrants in the EU," IZA Research Reports 75, Institute of Labor Economics (IZA).
    8. Galizzi, Matteo M. & Machado, Sara R. & Miniaci, Raffaele, 2016. "Temporal stability, cross-validity, and external validity of risk preferences measures: experimental evidence from a UK representative sample," LSE Research Online Documents on Economics 67554, London School of Economics and Political Science, LSE Library.
    9. Emilian Dobrescu, 2016. "LINS Curve in Romanian Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(41), pages 136-136, February.

    More about this item

    Keywords

    Risk attitudes; Cultural comparison; Experimental economics; C18; C90; D80;

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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