Format du dépôt |
Fichier |
Type de dépôt |
Article dans une revue |
Titre |
en
Risk-taking and skewness-seeking behavior in a demographically diverse population
|
Résumé |
en
We study the interaction between risk-taking and skewness-seeking behavior among a demographically diverse sample of French adults using an experiment that elicits certainty equivalent over lotteries that vary the second and third moments orthogonally. We find that the most common behavior is risk avoidance and skewness seeking. On average, we find no interaction between the two, and a weakly significant interaction only in some segments of the population. That is, in most cases, skewness seeking is not affected by the variance of the lotteries involved, nor is risk taking affected by the skewness of the lotteries. We also find a significant positive correlation between risk-avoiding and skewness-seeking behavior. Older and female participants make more risk-avoiding and more skewness-seeking choices, while less educated people and those not in executive occupations are more skewness seeking. Estimated decision models show that utility curvature, likelihood sensitivity, and optimism can explain the observed behaviors.
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Auteur(s)
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Douadia Bougherara
1
, Lana Friesen
2
, Céline Nauges
3
1
CEE-M -
Centre d'Economie de l'Environnement - Montpellier
( 1100828 )
- 2 Place Viala
INRAE - MSA
34060 Montpellier Cedex 2
- France
-
Centre National de la Recherche Scientifique UMR 5211 ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement UMR1135 ( 577435 )
;
-
Institut Agro Montpellier ( 1096330 )
;
-
Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement ( 1042499 )
;
-
Université de Montpellier ( 1100589 )
2
UQ [All campuses : Brisbane, Dutton Park Gatton, Herston, St Lucia and other locations] -
The University of Queensland
( 250752 )
- Brisbane, St Lucia, QLD 4072
- Australie
3
TSE-R -
Toulouse School of Economics
( 1002422 )
- Manufacture de Tabacs, 21 allées de Brienne 31000 Toulouse
- France
-
Université Toulouse Capitole ( 81148 )
;
-
Université de Toulouse ( 443875 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
Centre National de la Recherche Scientifique UMR5314 ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement UMR1415 ( 577435 )
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2022-09
|
Volume |
201
|
Page/Identifiant |
83-104
|
Public visé |
Scientifique
|
Sous-type de document pour les Articles |
Research article
|
Domaine(s) |
-
Sciences de l'Homme et Société
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Sciences de l'Homme et Société/Economies et finances
|
Mots-clés (JEL) |
-
C - Mathematical and Quantitative Methods/C.C9 - Design of Experiments/C.C9.C93 - Field Experiments
-
D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D81 - Criteria for Decision-Making under Risk and Uncertainty
|
Projet(s) ANR |
|
Mots-clés |
en
Risk, Skewness, Certainty Equivalent, Experiment
|
DOI |
10.1016/j.jebo.2022.07.011 |
UT key WOS |
000930493000001 |