Difference between revisions of "Risk aversion"
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== Guidelines == | == Guidelines == | ||
* There are mainly 3 survey-based approaches to measure risk preference: self assessment, hypothetical | * There are mainly 3 survey-based approaches to measure risk preference: self assessment, hypothetical lotteries, and income prospect choices. | ||
===Self Assessment=== | ===Self Assessment=== | ||
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===Hypothetical Lottery=== | ===Hypothetical Lottery=== | ||
=== | ===Income Prospect Choices=== | ||
== Back to Parent == | == Back to Parent == | ||
Revision as of 20:17, 6 November 2017
Read First
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.
Self Assessment
Hypothetical Lottery
Income Prospect Choices
Back to Parent
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