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Preference Parameters and Behavioral Heterogeneity : An Experimental Approach in the Health and Retirement Survey

Barsky, Robert B. - 1995

reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal … of preference parameters display substantial heterogeneity. The majority of respondents fall into the least risk …-tolerant group, but a substantial minority display higher risk tolerance. The individual measures of intertemporal substitution and …

Persistent link: https://www.econbiz.de/10012473664