Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip - Agricultural and Applied Economics Association - AAEA - 2012
Researchers employ various measures of risk attitudes to investigate their relation to market behavior with mixed … results. We find that a higher-order global risk attitude construct, developed using survey scales and experiments based on … power than underlying measures. With few exceptions, scales yield greater significance of risk attitudes for these choices …