A failed attempt to explain within subject variation in risk taking behavior using domain specific risk attitudes

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2013
Volume: 87
Issue: C
Pages: 1-24

Authors (4)

Deck, Cary (not in RePEc) Lee, Jungmin (Seoul National University) Reyes, Javier A. (West Virginia University) Rosen, Christopher C. (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Previous research has found considerable variation in risk taking behavior within individuals across tasks. In this paper, we develop a hypothesis derived from the psychology literature that such apparently inconsistent behavior can be explained by a subject's domain specific risk attitudes. To test our hypothesis, we conducted a laboratory study using multiple paid risk elicitation tasks and a risk attitude survey. Consistent with previous research, our results indicated considerable within subject variation in behavior across tasks. However, we found little support for the hypothesis that this variation can be explained by domain specific risk attitudes.

Technical Details

RePEc Handle
repec:eee:jeborg:v:87:y:2013:i:c:p:1-24
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25