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Risk Preferences in China – Results from Experimental Economics

Haering, A.; Heinrich, T.

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Authors

A. Haering

T. Heinrich



Abstract

The propensity to take risks is a fundamental trait that determines the nature of decision making. For example, risk taking is regarded as an important driver of entrepreneurial and innovative behavior in an economy. In this paper, we survey the empirical evidence on individual risk-taking behavior in China. We focus on those studies that elicit preferences for risk taking involving real monetary stakes under controlled conditions, using the methods of Experimental Economics. The studies that we summarize compare Chinese subjects to those in other countries. While nonincentivized surveys find that Chinese subjects are more willing to take risks than Germans and Americans are, the existing experimental studies suggest that this relationship is less clear cut.

Citation

Haering, A., & Heinrich, T. (2017). Risk Preferences in China – Results from Experimental Economics. Asien, 66-88

Journal Article Type Article
Acceptance Date May 18, 2017
Online Publication Date Jan 1, 2017
Publication Date Jan 1, 2017
Deposit Date Mar 22, 2018
Publicly Available Date Mar 28, 2024
Journal Asien : deutsche Zeitschrift für Politik, Wirtschaft und Kultur
Print ISSN 0721-5231
Publisher Deutsche Gesellschaft für Asienkunde
Peer Reviewed Peer Reviewed
Pages 66-88
Public URL https://durham-repository.worktribe.com/output/1337150
Publisher URL http://asien.asienforschung.de/asien-142-januar-2017/

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