Heinrich, Timo; Shachat, Jason - In: Journal of Risk and Uncertainty 61 (2021) 3, pp. 263-287
This study experimentally evaluates the risk preferences of children and adolescents living in an urban Chinese environment. We use a simple binary choice task that tests risk aversion, as well as prudence. This is the first test for prudence in children and adolescents. Our results reveal that...