全球智库信息集成服务系统(G2TT): DP15108 Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15108
	DP15108 Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students
	Marco Angrisani; Marco Cipriani; Antonio Guarino; Ryan Kendall; Julen Ortiz de Zarate Pina
发表日期	2020-07-29
出版年	2020
语种	英语
摘要	We study whether the COVID-19 pandemic has impacted risk preferences, comparing the results of experiments conducted before and during the outbreak. In each experiment, we elicit risk preferences from two sample groups: professional traders and undergraduate students. We find that, on average, risk preferences have remained constant for both pools of participants. Our results suggest that the increases in risk premia observed during the pandemic are not due to changes in risk appetite; rather, they are solely due to a change in beliefs by market participants. The findings of our paper support the traditional view that, at least on average, risk preferences are not affected by economic or social circumstances.
主题	Financial Economics
关键词	Risk aversion Financial markets professional Covid-19 Experimental economics
URL	https://cepr.org/publications/dp15108
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/544067
推荐引用方式 GB/T 7714	Marco Angrisani,Marco Cipriani,Antonio Guarino,et al. DP15108 Risk Preferences at the Time of COVID-19: An Experiment with Professional Traders and Students. 2020.