Doerrenberg, Philipp; Duncan, Denvil; Zeppenfeld, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome … identification issues using a laboratory experiment (N = 180). Subjects have the opportunity to invest earned income in a lottery and …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness …