Fortune favors the bold and patient: How economic freedom impacts economic preferences

IF 1 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2026-07-03 Epub Date: 2025-12-21 DOI:10.1111/coep.70021

Ryan Kitzan, Adam Stivers, Nabamita Dutta

引用次数: 0

Abstract

We investigate the relationship between economic freedom and individual economic preferences, particularly patience and risk tolerance. While patience has been found to result in beneficial outcomes, the findings on the effects of risk tolerance are mixed. Therefore, we investigate the relationship between national levels of patience and risk taking in the presence of varying economic institutions. Our findings suggest that countries with both higher economic freedom and higher risk tolerance also exhibit greater levels of patience. Further, higher levels of risk tolerance do not equate to higher levels of patience in countries with low levels of economic freedom.

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《财富》青睐大胆而有耐心的人：经济自由如何影响经济偏好

我们研究了经济自由和个人经济偏好之间的关系，特别是耐心和风险承受能力。虽然人们发现耐心会带来有益的结果，但对风险承受能力的影响的研究结果却参差不齐。因此，我们研究了在不同经济制度存在的情况下，国家耐心水平和风险承担之间的关系。我们的研究结果表明，经济自由度高、风险承受能力强的国家也表现出更强的耐心。此外，在经济自由度较低的国家，较高的风险承受能力并不等于较高的耐心。

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

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.