A. Haering
Risk Preferences in China – Results from Experimental Economics
Haering, A.; Heinrich, T.
Authors
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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