Risk aversion

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Risk preference influences various economic behaviors under uncertainty. Attitudes towards risk are likely to affect the purchase of health insurance.

Guidelines

• There are mainly 3 survey-based approaches to measure risk preference: self assessment, hypothetical lotteries, and income prospect choices.

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This article is part of the topic Questionnaire Design

Additional Resources

• Gender and Risk Aversion: https://wol.iza.org/articles/gender-differences-in-risk-attitudes