Kettlewell, Nathan; Rijsdijk, Fruhling; Siribaddana, Sisira - 2018
We estimate whether risk preferences are affected by traumatic events by using a unique survey of Sri Lankan twins … civil war, validated measures of mental health and risk preferences, and a rich set of control variables. Our estimation … wealth shocks and/or changes in mental health. We find that both events lead to less risk aversion, a result that is not …