Heinrich, TimoTimoHeinrichHaering, AlexanderAlexanderHaeringMayrhofer, ThomasThomasMayrhoferBittner, AnikaAnikaBittner2024-07-222024-07-222024-09Economics letters 242: 111851 (2024-09)https://hdl.handle.net/11420/48454Survey 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.en0165-17652024Elsevierhttps://creativecommons.org/licenses/by/4.0/ExperimentRisk preferencesSurvey validationSocial Sciences::330: EconomicsJournal Article10.15480/882.13160https://doi.org/10.1016/j.econlet.2024.11185110.15480/882.13160Journal Article