Noussair, Charles; Trautmann, Stefan T.; Kuilen, Gijs van de - Tilburg University, Center for Economic Research - 2011
We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … temperance levels to demographics and financial decisions. We observe that the majority of individuals’ decisions are consistent … with risk aversion, prudence, and temperance, in both the student and the demographically representative sample. An …