Temporal stability of risk preference measures

Katerina Straznicka (1)

1 GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne

We examine the temporal stability of risk preference measures obtained by different elicitation methods in a controlled laboratory experiment at two distinct times. Our results indicate remarkable temporal stability of risk measures at the aggregated level and temporal instability at the individual level. We control for the impact of, first, personality traits, and second, performance realized in a market game. When better market performers demonstrate more stable risk preferences, the impact of personality traits is marginal.

Mots clés: Time stability; Risk Preferences; Personality Theory; Experimental economics

Domaines: Economies et finances

Katerina Straznicka. Temporal stability of risk preference measures. 2012. ⟨halshs-00768437⟩