Replication data for: How General Are Risk Preferences? Choices under Uncertainty in Different Domains
- Einav, Liran
- Finkelstein, Amy
- Pascu, Iuliana
- Cullen, Mark R.
AbstractWe analyze the extent to which individuals' choices over five employer-provided insurance coverage decisions and one 401(k) investment decision exhibit systematic patterns, as would be implied by a general utility component of risk preferences. We provide evidence consistent with an important domain-general component that operates across all insurance choices. We find a considerably weaker relationship between one's insurance decisions and 401(k) asset allocation, although this relationship appears larger for more "financially sophisticated" individuals. Estimates from a stylized coverage choice model suggest that up to 30 percent of our sample makes choices that may be consistent across all 6 domains. (JEL D12, D14, D81, G22, J33)
Is supplement to
DOI: 10.1257/aer.102.6.2606 (Text)
Einav, Liran, Amy Finkelstein, Iuliana Pascu, and Mark R Cullen. “How General Are Risk Preferences? Choices under Uncertainty in Different Domains.” American Economic Review 102, no. 6 (October 2012): 2606–38. https://doi.org/10.1257/aer.102.6.2606.
- ID: 10.1257/aer.102.6.2606 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06