Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/287442 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Journal of Risk and Uncertainty [ISSN:] 1573-0476 [Volume:] 61 [Issue:] 3 [Publisher:] Springer US [Place:] New York, NY [Year:] 2021 [Pages:] 263-287
Verlag: 
Springer US, New York, NY
Zusammenfassung: 
This study experimentally evaluates the risk preferences of children and adolescents living in an urban Chinese environment. We use a simple binary choice task that tests risk aversion, as well as prudence. This is the first test for prudence in children and adolescents. Our results reveal that subjects from grades 5 to 11 (10 to 17 years) make mostly risk-averse and prudent choices. The choices of 3rd graders (8 to 9 years) do not differ statistically from risk neutral benchmarks, but at the same time they make mostly prudent choices. We also find evidence for a transmission of risk preferences. There is positive correlation between all children's and their parents' tendency to make risk-averse choices. There is also positive correlation between girls' and their parents' tendency to make prudent choices.
Schlagwörter: 
Risk aversion
Prudence
Transmission of preferences
Age effects
Experimental economics
Children
JEL: 
C93
D81
J13
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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