Within- versus between-country differences in risk attitudes: implications for cultural comparisons

详细信息    查看全文

• 作者：Ferdinand M. Vieider (1)
  Thorsten Chmura (2)
  Tyler Fisher (3)
  Takao Kusakawa (4)
  Peter Martinsson (5)
  Frauke Mattison Thompson (6)
  Adewara Sunday (7)
  
  1. WZB Berlin ; Reichpietschufer 50 ; Berlin聽 ; 10675 ; Germany
  2. University of Nottingham Business School ; Nottingham ; UK
  3. University of Michigan at Ann Arbor ; Ann Arbor ; MI ; USA
  4. Hiroshima Shudo University ; Hiroshima ; Japan
  5. University of Gothenburg ; G枚teborg ; Sweden
  6. Kings College London ; London ; UK
  7. University of Cape Town ; Cape Town ; South Africa
  
• 关键词：Risk attitudes ; Cultural comparison ; Experimental economics ; C18 ; C90 ; D80
• 刊名：Theory and Decision
• 出版年：2015
• 出版时间：February 2015
• 年：2015
• 卷：78
• 期：2
• 页码：209-218
• 全文大小：973 KB
• 参考文献：1. Abdellaoui, M., Baillon, A., Placido, L., & Wakker, P. P. (2011). The rich domain of uncertainty?: Source functions and their experimental implementation. / American Economic Review, / 101, 695鈥?23. CrossRef
  2. Baltussen, G., Post, T., van den Assem, M. J., & Wakker, P. P. (2012). Random Incentive Systems in a Dynamic Choice Experiment. / Experimental Economics, / 15(3), 418鈥?43.
  3. Barberis, N. C. (2013). Thirty years of prospect theory in economics: A review and assessment. / Journal of Economic Perspectives, / 27(1), 173鈥?96. CrossRef
  4. Bohnet, B. I., Greig, F., Herrmann, B., & Zeckhauser, R. (2008). Betrayal Aversion?: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States. / American Economic Review, / 98, 294鈥?10. CrossRef
  5. Bruhin, A., Fehr-Duda, H., & Epper, T. (2010). Risk and rationality: Uncovering heterogeneity in probability distortion. / Econometrica, / 78(4), 1375鈥?412. CrossRef
  6. Conte, A., Hey, J. D., & Moffatt, P. G. (2011). Mixture models of choice under risk. / Journal of Econometrics, / 162(1), 79鈥?8. CrossRef
  7. Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2011). The intergenerational transmission of risk and trust attitudes. / Review of Economic Studies, / 79(2), 645鈥?47. CrossRef
  8. Etchart-Vincent, N., & L \(\text{' }\) Haridon, O. (2011). Monetary incentives in the loss domain and behavior toward risk: An experimental comparison of three reward schemes including real losses. / Journal of Risk and Uncertainty, / 42, 61鈥?3.
  9. Henrich, J., Heine, S. J., & Norenzayan, A. (2010). The weirdest people in the world. / Behavioral and Brain Sciences, / 33, 2鈥?.
  10. Herrmann, B., Thoeni, C., & Gaechter, S. (2008). Antisocial punishment across societies. / Science, / 319(5868), 1362鈥?367. CrossRef
  11. Loomes, G., Moffatt, P. G., & Sugden, R. (2002). A microeconometric test of alternative stochastic theories of risky choice. / Journal of Risk and Uncertainty, / 24(2), 103鈥?30. CrossRef
  12. Oosterbeek, H., Sloof, R., & van de Kuilen, G. (2004). Cultural differences in ultimatum game experiments: Evidence from a meta-analysis. / Experimental Economics, / 7(2), 171鈥?88. CrossRef
  13. Prelec, D. (1998). The probability weighting function. / Econometrica, / 66, 497鈥?27. CrossRef
  14. Rieger, M. O., Wang, M., & Hens, T. (2011). Prospect Theory around the World. working paper.
  15. Starmer, C. (2000). Developments in non-expected utility theory: The hunt for a descriptive theory of choice under risk. / Journal of Economic Literature, / 38, 332鈥?82. CrossRef
  16. Sutter, M., R眉tzleR, D., & Trautmann, S. T. (2012). Impatience and uncertainty: Experimental decisions predict adolescent鈥檚 field behavior. / American Economic Review, / 103(1), 510鈥?31. CrossRef
  17. Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. / Journal of Risk and Uncertainty, / 5, 297鈥?23. CrossRef
  18. Vieider, F. M., Chmura, T., & Martinsson, P. (2012). Risk Attitudes, Development, and growth. Macroeconomic evidence from experiments in 30 Countries. Working paper.
  19. Vieider, F. M., Truong, N., Martinsson, P., & Pham Khanh, N. (2013). Risk preferences and development revisited. Working paper.
  20. Weber, E. U., & Hsee, C. (1998). Cross-cultural differences in risk perception, but cross-cultural similarities in attitudes towards perceived risk. / Management Science, / 44(9), 1205鈥?217. CrossRef
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Economic Theory
  Game Theory and Mathematical Methods
  Game Theory, Economics, Social and Behavioral Sciences
  Methodology of the Social Sciences
  Operation Research and Decision Theory
  
• 出版者：Springer Netherlands
• ISSN：1573-7187

文摘

Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large.