Revalidating a survey instrument for measuring risk preferences

Publikationstyp
Journal Article
Date Issued
2024-09
Sprache
English
Author(s)
Heinrich, Timo
Digital Economics W-5
Haering, Alexander
Mayrhofer, Thomas
Bittner, Anika
TORE-DOI
10.15480/882.13160
TORE-URI
https://hdl.handle.net/11420/48454
Journal
Economics letters
Volume
242
Article Number
111851
Citation
Economics letters 242: 111851 (2024)
Publisher DOI
10.1016/j.econlet.2024.111851
Scopus ID
2-s2.0-85198980877
Publisher
Elsevier
Peer Reviewed
true
Survey instruments are often a cost-effective alternative to eliciting preferences via incentivized experiments. We revalidate a survey instrument used for measuring risk preferences in the influential Global Preferences Survey. We find that the instrument consisting of a quantitative and a qualitative item predicts risk aversion in a Chinese, an American and a German sample. For out-of-sample predictions, the combination of both items is preferable compared to using only one of the two items.
Subjects
Experiment
Risk preferences
Survey validation
DDC Class
330: Economics
Funding(s)
Projekt DEAL
Lizenz
https://creativecommons.org/licenses/by/4.0/
Publication version
publishedVersion
Loading...
Thumbnail Image
Download
Name

1-s2.0-S0165176524003355-main.pdf

Type

Main Article

Size

305.87 KB

Format

Adobe PDF