in The Review of Economic Studies
January 2014; p ublished online October 2013 .
Journal Article. Subjects: Information, Knowledge, and Uncertainy; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Design of Experiments. 14931 words.
We study the prevalence of the higher order risk attitudes of prudence and temperance in an experiment with a large demographically representative sample of participants. Under expected...