Cross-National Differences in Risk Preference and Lay Predictions

@inproceedings{Hsee1999CrossNationalDI,
  title={Cross-National Differences in Risk Preference and Lay Predictions},
  author={Christopher K. Hsee and Elke U. Weber},
  year={1999}
}
This research explores whether there are systematic cross-national differences in choice-inferred risk preferences between Americans and Chinese. Study 1 found(a) that the Chinese were signi®cantly more risk seeking than the Americans, yet(b) that both nationals predicted exactly the opposite Ð that the Americans wouldbe more risk seeking. Study 2 compared Americans' and Chinese risk preferences in investment, medical and academic decisions, and found that Chinese were more risk seeking than… CONTINUE READING

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