Weber, Elke U.; Hsee, Christopher - In: Management Science 44 (1998) 9, pp. 1205-1217
In this study, respondents from the P.R.C., U.S.A., Germany, and Poland were found to differ in risk preference, as … measured by buying prices for risky financial options. Chinese respondents were significantly less risk-averse in their pricing … than Americans when risk preference was assessed in the traditional expected-utility framework. However, these apparent …