Stability of Risk Preferences: Evidence from Laboratory Experiments

This study conducted laboratory experiments to examine the stability of preferences by investigating whether exogenous shocks, such as natural disasters, alter subjects’ risk preferences. Subjectss were exposed to exogenous shocks under conditions of risk, ambiguity, and unawareness. However, the me...

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Bibliographic Details
Published inJournal of Behavioral Economics and Finance Vol. 17; pp. 61 - 76
Main Authors Tajima, Naoya, Kawagoe, Toshiji, Takizawa, Hirokazu
Format Journal Article
LanguageJapanese
Published Association of Behavioral Economics and Finance 07.01.2025
行動経済学会
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ISSN2185-3568
DOI10.11167/jbef.17.61

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Summary:This study conducted laboratory experiments to examine the stability of preferences by investigating whether exogenous shocks, such as natural disasters, alter subjects’ risk preferences. Subjectss were exposed to exogenous shocks under conditions of risk, ambiguity, and unawareness. However, the mean value of the certainty equivalent did not change before and after the shocks in any of these conditions.
ISSN:2185-3568
DOI:10.11167/jbef.17.61