A simultaneous approach to the estimation of risk aversion and the subjective time discount rate

In this paper we analyze a sample of 1832 individuals who responded to six randomly generated lottery questions that differ with respect to chance, prize and the timing of the draw. Using a model that explicitly allows for consumption smoothing, we obtain an estimate of relative risk aversion of 82....

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Bibliographic details
Volume: 70
Main Author: Booij, Adam S
van Praag, Bernard M.S
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2009
ELSEVIER
Elsevier
published in: Journal of economic behavior & organization Vol. 70; no. 1; pp. 374 - 388
Related: Human Capital
Accounting
Data of publication: 2009
ISSN: 0167-2681
1879-1751
EISSN: 1879-1751
Dewey Decimal Classification: 330
300
Discipline: Business
Economics
Social Sciences (General)
Series: Journal of Economic Behavior & Organization
Subjects:
D12
E21
D90
D80
Online Access: available in Bonn?
Database: NARCIS:Publications
NARCIS
NARCIS: Datasets
Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2009
Web of Knowledge
Web of Science
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RePEc IDEAS
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Academic OneFile (A&I only)
Hyper Article en Ligne (HAL) (Open Access)
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OpenAIRE (Open Access)
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