| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4668 |
| DP4668 Diamonds are Forever, Wars are Not: Is Conflict Bad for Private Firms? | |
| Eliana La Ferrara; Massimo Guidolin | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers? decisions that in theory should vary with attitude towards risk. We find that elicited risk aversion has considerable predictive power for a number of key household decisions such as choice of occupation, portfolio selection, moving decisions and exposure to chronic diseases in ways consistent with theory. We also use this indicator to address the importance of self-selection when relating indicators of risk to individual saving decisions. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Risk aversion Heterogenous preferences Individual choice |
| URL | https://cepr.org/publications/dp4668 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533589 |
| 推荐引用方式 GB/T 7714 | Eliana La Ferrara,Massimo Guidolin. DP4668 Diamonds are Forever, Wars are Not: Is Conflict Bad for Private Firms?. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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