Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Estimating cumulative prospect theory parameters from an international survey |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
|
| Journal Title | Theory and Decision |
| Publisher | Springer |
| Geographical Reach | international |
| ISSN | 0040-5833 |
| Volume | 82 |
| Number | 4 |
| Page Range | 567 - 596 |
| Date | 2017 |
| Abstract Text | We conduct a standardized survey on risk preferences in 53 countries worldwide and estimate cumulative prospect theory parameters from the data. The parameter estimates show that significant differences on the cross-country level are to some extent robust and related to economic and cultural differences. In particular, a closer look on probability weighting underlines gender differences, economic effects, and cultural impact on probability weighting. The data set is a useful starting point for future research that investigates the impact of risk preferences on the market level. |
| Related URLs | |
| Digital Object Identifier | 10.1007/s11238-016-9582-8 |
| Other Identification Number | merlin-id:14097 |
| Export |
BibTeX
EP3 XML (ZORA)
|