Please use this identifier to cite or link to this item: https://doi.org/10.15480/882.3287
DC FieldValueLanguage
dc.contributor.authorHeinrich, Timo-
dc.contributor.authorShachat, Jason M.-
dc.date.accessioned2021-02-16T07:32:15Z-
dc.date.available2021-02-16T07:32:15Z-
dc.date.issued2020-12-01-
dc.identifier.citationJournal of Risk and Uncertainty 3 (61): 263-287 (2020-12-01)de_DE
dc.identifier.issn1573-0476de_DE
dc.identifier.urihttp://hdl.handle.net/11420/8772-
dc.description.abstractThis study experimentally evaluates the risk preferences of children and adolescents living in an urban Chinese environment. We use a simple binary choice task that tests risk aversion, as well as prudence. This is the first test for prudence in children and adolescents. Our results reveal that subjects from grades 5 to 11 (10 to 17 years) make mostly risk-averse and prudent choices. The choices of 3rd graders (8 to 9 years) do not differ statistically from risk neutral benchmarks, but at the same time they make mostly prudent choices. We also find evidence for a transmission of risk preferences. There is positive correlation between all children’s and their parents’ tendency to make risk-averse choices. There is also positive correlation between girls’ and their parents’ tendency to make prudent choices.en
dc.language.isoende_DE
dc.publisherSpringer Science + Business Media B.Vde_DE
dc.relation.ispartofJournal of risk and uncertaintyde_DE
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/de_DE
dc.subjectAge effectsde_DE
dc.subjectChildrende_DE
dc.subjectExperimental economicsde_DE
dc.subjectPrudencede_DE
dc.subjectRisk aversionde_DE
dc.subjectTransmission of preferencesde_DE
dc.subject.ddc004: Informatikde_DE
dc.subject.ddc330: Wirtschaftde_DE
dc.titleThe development of risk aversion and prudence in Chinese children and adolescentsde_DE
dc.typeArticlede_DE
dc.identifier.doi10.15480/882.3287-
dc.type.diniarticle-
dcterms.DCMITypeText-
tuhh.identifier.urnurn:nbn:de:gbv:830-882.0124917-
tuhh.oai.showtruede_DE
tuhh.abstract.englishThis study experimentally evaluates the risk preferences of children and adolescents living in an urban Chinese environment. We use a simple binary choice task that tests risk aversion, as well as prudence. This is the first test for prudence in children and adolescents. Our results reveal that subjects from grades 5 to 11 (10 to 17 years) make mostly risk-averse and prudent choices. The choices of 3rd graders (8 to 9 years) do not differ statistically from risk neutral benchmarks, but at the same time they make mostly prudent choices. We also find evidence for a transmission of risk preferences. There is positive correlation between all children’s and their parents’ tendency to make risk-averse choices. There is also positive correlation between girls’ and their parents’ tendency to make prudent choices.de_DE
tuhh.publisher.doi10.1007/s11166-020-09340-7-
tuhh.publication.instituteDigital Economics W-5de_DE
tuhh.identifier.doi10.15480/882.3287-
tuhh.type.opus(wissenschaftlicher) Artikel-
dc.type.driverarticle-
dc.type.casraiJournal Article-
tuhh.container.issue3de_DE
tuhh.container.volume61de_DE
tuhh.container.startpage263de_DE
tuhh.container.endpage287de_DE
dc.rights.nationallicensefalsede_DE
dc.identifier.scopus2-s2.0-85099035667de_DE
local.status.inpressfalsede_DE
local.type.versionpublishedVersionde_DE
local.funding.infoOpen Access funding enabled and organized by Projekt DEAL.de_DE
item.cerifentitytypePublications-
item.grantfulltextopen-
item.openairetypeArticle-
item.creatorOrcidHeinrich, Timo-
item.creatorOrcidShachat, Jason M.-
item.creatorGNDHeinrich, Timo-
item.creatorGNDShachat, Jason M.-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.fulltextWith Fulltext-
item.languageiso639-1en-
crisitem.author.deptDigital Economics W-5-
crisitem.author.orcid0000-0001-6827-1374-
crisitem.author.orcid0000-0002-9719-4555-
crisitem.author.parentorgStudiendekanat Management-Wissenschaften und Technologie-
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