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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)

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.

Suggested Citation

  • Katerina Straznicka, 2012. "Temporal stability of risk preference measures," Working Papers 1236, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
  • Handle: RePEc:gat:wpaper:1236
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:joepsy:v:62:y:2017:i:c:p:17-32 is not listed on IDEAS
    2. Utteeyo Dasgupta & Lata Gangadharan & Pushkar Maitra & Subha Mani, 2014. "De Gustibus Non Est Disputandum: An Experimental Investigation," Fordham Economics Discussion Paper Series dp2014-07, Fordham University, Department of Economics.

    More about this item

    Keywords

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

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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