Does risk aversion or attraction depend on income? An experiment

Authors
Bosch-Domenech, A Silvestre, J
Citation
A. Bosch-domenech et J. Silvestre, Does risk aversion or attraction depend on income? An experiment, ECON LETT, 65(3), 1999, pp. 265-273
Citations number
6
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
65
Issue
3
Year of publication
1999
Pages
265 - 273
Database
ISI
SICI code
0165-1765(199912)65:3<265:DRAOAD>2.0.ZU;2-V
Abstract
Does risk attitude (aversion or attraction) vary with the level of the inco me at risk? About half of our subjects chose to insure all levels, whereas another half chose instead not to insure low levels, but to insure high lev els. (C) 1999 Elsevier Science S.A. All rights reserved.