Risk breeds risk aversion

• المؤلفون الرئيسيون: He, Tai-Sen, Hong, Fuhai
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2020
• الموضوعات: Social sciences::Economic theory::Microeconomics; Risk Aversion; Laboratory Experiment
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/144909

We examine whether exposure to a more or less risky environment affects people’s subsequent risk-taking behavior. In a laboratory setting, all subjects went through twelve rounds of multiple-price-list decisions between a risky alternative and a safe alternative. In the first six rounds, subjects we...