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Revalidating a survey instrument for measuring risk preferences
Citation Link: https://doi.org/10.15480/882.13160
Publikationstyp
Journal Article
Date Issued
2024-09
Sprache
English
Author(s)
TORE-DOI
Journal
Volume
242
Article Number
111851
Citation
Economics letters 242: 111851 (2024)
Publisher DOI
Scopus ID
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
Publication version
publishedVersion
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Name
1-s2.0-S0165176524003355-main.pdf
Type
Main Article
Size
305.87 KB
Format
Adobe PDF