Paper #361
- Title:
- Does risk aversion or attraction depend on income? An experiment
- Authors:
- Antoni Bosch-Domènech and Joaquim Silvestre
- Date:
- February 1999 (Revised: March 1999)
- Abstract:
- Does risk attitude (aversion or attraction) vary with the level of the income at risk? About half of our subjects chose to insure all levels, whereas another half chose instead not to insure low levels, but to insure high levels.
- Keywords:
- Experimental economics, risk aversion, risk attraction, income risks, Leex
- JEL codes:
- C9, D8
- Area of Research:
- Behavioral and Experimental Economics
- Published in:
- Economics Letters, 65, 3, (1999)
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