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Temporal stability of estimates of risk aversion

2005; Chapman and Hall London; Volume: 1; Issue: 1 Linguagem: Inglês

10.1080/1744654042000311576

1744-6554

Glenn W. Harrison, Eric J. Johnson, Melayne Morgan McInnes, E. Elisabet Rutström,

Experimental Behavioral Economics Studies

Estimates of risk aversion can be obtained from controlled laboratory experiments. The temporal stability of those preferences is assumed in many applications. This assumption is tested by eliciting risk aversion measures from subjects at two distinct times. Evidence consistent with the stability assumption is found.