Within- versus between-country differences in risk attitudes: implications for cultural comparisons

TY - JOUR

T1 - Within- versus between-country differences in risk attitudes

T2 - implications for cultural comparisons

AU - Vieider, Ferdinand M.

AU - Chmura, Thorsten

AU - Fisher, Tyler

AU - Martinsson, Peter

AU - Mattison Thompson, Frauke

AU - Sunday, Adewara

PY - 2014

Y1 - 2014

N2 - Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large.

AB - Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large.

KW - Risk attitudes

KW - Cultural comparison

KW - Experimental economics

U2 - 10.1007/s11238-014-9418-3

DO - 10.1007/s11238-014-9418-3

M3 - Article

SN - 0040-5833

JO - THEORY AND DECISION

JF - THEORY AND DECISION

ER -