On the correlation of self‐reported and behavioral risk attitude measures: The case of the General Risk Question and the Investment Game following Gneezy and Potters (1997)

IF 1.1 Q3 BUSINESS, FINANCE

Risk Management and Insurance Review Pub Date : 2023-10-09 DOI:10.1111/rmir.12250

Christine Gaertner, Petra Steinorth

引用次数: 0

Abstract

Abstract Risk attitudes play a pivotal role to understand economic decision‐making, and several measures are used to elicit them in the lab and survey them in the field. We provide a literature review on the most commonly used risk elicitation methods by Holt and Laury (HL) and the Investment Game (IG) by Gneezy and Potters and the General Risk Question (GRQ) utilized in the German Socioeconomic Panel. Based on the metadata from three experiments, we show that the GRQ has a robust and economically relevant association with the IG.

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自我报告与行为风险态度测量的相关性:以Gneezy和Potters(1997)之后的一般风险问题和投资博弈为例

风险态度在理解经济决策中起着关键作用，有几种方法可以在实验室中引出风险态度，并在现场对其进行调查。我们对Holt和Laury (HL)最常用的风险引出方法、Gneezy和Potters的投资游戏(IG)以及德国社会经济小组使用的一般风险问题(GRQ)进行了文献综述。基于三个实验的元数据，我们表明GRQ与IG具有鲁棒性和经济相关性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Risk Management and Insurance Review Economics, Econometrics and Finance-Finance

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： Risk Management and Insurance Review publishes respected, accessible, and high-quality applied research, and well-reasoned opinion and discussion in the field of risk and insurance. The Review"s "Feature Articles" section includes original research involving applications and applied techniques. The "Perspectives" section contains articles providing new insights on the research literature, business practice, and public policy. The "Educational Insights" section provides a repository of high-caliber model lectures in risk and insurance, along with articles discussing and evaluating instructional techniques.