) depend not only on the level of (second-order) risk aversion but also on higher-order risk preferences such as prudence … prevention in the sense of self-insurance (i.e. secondary prevention). Neither risk aversion nor prudence is related to cancer …, wie zum Beispiel Vorsicht (prudence, Risikoaversion dritter Ordnung). Wir untersuchen empirisch, ob diese theoretischen …

This paper provides experimental evidence of the role of higher order risk attitudes - especially prudence - in … prevention behavior. Prudence, under an expected utility framework, increases (decreases) self-protection effort compared to the … predictions that give the exact test on prudence, an experiment was designed where subjects go through higher order risk attitude …