| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28007 |
| 来源ID | Working Paper 28007 |
| Reconsidering Risk Aversion | |
| Daniel J. Benjamin; Mark Alan Fontana; Miles S. Kimball | |
| 发表日期 | 2020-10-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Risk aversion is typically inferred from real or hypothetical choices over risky lotteries, but such “untutored” choices may reflect mistakes rather than preferences. We develop a procedure to obtain a better measure of normatively relevant preferences: after eliciting untutored choices, we confront participants with their choices that are inconsistent with intertemporal-expected-utility axioms and allow them to reconsider their choices. We demonstrate this procedure via a survey about hypothetical retirement investment choices administered to 596 Cornell students. We find that, on average, reconsidered choices are more consistent with almost all axioms, with one exception related to a counterfactual reference point. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Economics of Information ; Financial Economics ; Portfolio Selection and Asset Pricing ; Public Economics |
| URL | https://www.nber.org/papers/w28007 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585680 |
| 推荐引用方式 GB/T 7714 | Daniel J. Benjamin,Mark Alan Fontana,Miles S. Kimball. Reconsidering Risk Aversion. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28007.pdf（1575KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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