Estimating Risk Attitudes in Denmark: A Field Experiment

@article{Harrison2004EstimatingRA,
  title={Estimating Risk Attitudes in Denmark: A Field Experiment},
  author={Glenn W. Harrison and Morten I. Lau and E. Elisabet Rutstr{\"o}m},
  journal={Behavioral \& Experimental Finance},
  year={2004}
}
We estimate individual risk attitudes using controlled experiments in the field in Denmark. The experiments were carried out across Denmark using a representative sample of 253 people between 19 and 75 years of age. Risk attitudes are estimated for various individuals differentiated by socio-demographic characteristics. Our results indicate that the average Dane is risk averse, and that risk neutrality is an inappropriate assumption to apply. We also find that risk attitudes vary significantly… Expand
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