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Group and individual risk preferences : a lottery-choice experiment with self-employed and salaried workers

Author

Listed:
  • David Masclet

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, CIRANO - Centre interuniversitaire de recherche en analyse des organisations [Montréal, Canada] = Center for Interuniversity Research and Analysis on Organizations [Montréal, Canada])

  • Nathalie Colombier

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Laurent Denant-Boèmont

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Youenn Lohéac

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, ESC Bretagne Brest)

Abstract

This paper focuses on decision making under risk, comparing group and individual risk preferences in a lottery-choice experiment. In the individual treatment, subjects make choices individually; in the group treatment, each subject placed in a group made lottery choice via voting. In the choice treatment, subjects choose whether to be on their own or in a group. The originality of this research lies in the fact that we introduced variability in socio-demographic characteristics by recruiting salaried and self-employed workers. Our main findings indicate that groups are more likely than individuals to choose safe lotteries. Our results also show that individuals risk attitude is correlated with both the type and the sector of employment.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • David Masclet & Nathalie Colombier & Laurent Denant-Boèmont & Youenn Lohéac, 2009. "Group and individual risk preferences : a lottery-choice experiment with self-employed and salaried workers," Post-Print halshs-00196559, HAL.
    • Handle: RePEc:hal:journl:halshs-00196559
    DOI: 10.1016/j.jebo.2007.11.002
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