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Replication data for: How General Are Risk Preferences? Choices under Uncertainty in Different Domains

Version
V0
Resource Type
Dataset
Creator
  • Einav, Liran
  • Finkelstein, Amy
  • Pascu, Iuliana
  • Cullen, Mark R.
Publication Date
2012-05-01
Description
  • Abstract

    We 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)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.102.6.2606 (Text)
Publications
  • 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

Einav, Liran; Finkelstein, Amy; Pascu, Iuliana; Cullen, Mark R. (2012): Replication data for: How General Are Risk Preferences? Choices under Uncertainty in Different Domains. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116106