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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Published in | Journal of Behavioral Economics and Finance Vol. 17; pp. 61 - 76 |
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Main Authors | , , |
Format | Journal Article |
Language | Japanese |
Published |
Association of Behavioral Economics and Finance
07.01.2025
行動経済学会 |
Subjects | |
Online Access | Get full text |
ISSN | 2185-3568 |
DOI | 10.11167/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. |
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ISSN: | 2185-3568 |
DOI: | 10.11167/jbef.17.61 |