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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Design of Experiments x clear all

Higher Order Risk Attitudes, Demographics, and Financial Decisions

Charles N. Noussair, Stefan T. Trautmann and Gijs van de Kuilen.

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...

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