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

"In this paper we analyze a sample of 1,832 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...

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Bibliographic details
Main Author: Booij, Adam S
Praag, Bernard M.S. van
Format: Journal Article
Language: German
Place of publication: 22.01.2012
Data of publication: 2012-01-22
Discipline: Economics
Online Access: Fulltext
Database: SSOAR (Social Science Open Access Repository)
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