Linking Measured Risk Aversion to Individual Characteristics
通过三个独立调查中彩票的报价，推导出个人的风险厌恶程度，发现风险厌恶随收入和财富下降，企业家比雇员更不厌恶风险，女性比男性更厌恶风险。
From the stated price of a specified lottery in three unrelated surveys we deduce individuals’ Arrow‐Pratt measure of risk aversion. We find that risk aversion indeed falls with income and wealth. Entrepreneurs are less risk averse than employees, civil servants are more risk averse than private sector employees, and women are more risk averse than men. A simple lottery question appears a promising survey instrument to explore risk attitude and its relation to personal characteristics.