eprintid: 13630
rev_number: 13
eprint_status: archive
userid: 1
dir: disk0/00/01/36/30
datestamp: 2012-08-03 14:15:10
lastmod: 2015-12-31 11:09:19
status_changed: 2012-08-15 09:07:01
type: workingPaper
metadata_visibility: show
creators_name: Leuermann, Andrea
creators_name: Roth, Benjamin
title: Stereotypes and Risk Attitudes: Evidence from the Lab and the Field
ispublished: pub
subjects: ddc-330
divisions: i-181000
keywords: Risk Preferences , Financial Advice , Artefactual Field Experiment , Behavioral Finance
abstract: Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this paper, we deploy an artefactual fi eld experiment and study whether subjects - non-professionals and  financial professionals - are aware of these correlations. This is largely confi rmed by our results for all subject groups. We show that the subjects attach informational value to sociodemographic information when assessing others' risk attitudes. This provides external validity to the correlations found between risk preferences and sociodemographics. A person's self-assessment of risk attitudes is the most helpful device for the subjects' assessments of others, although experienced professionals make use of it to a minor extent than all other subjects.
abstract_translated_lang: eng
class_scheme: jel
class_labels: JEL-Codes:, G02, D81
date: 2012
date_type: published
id_scheme: DOI
id_number: 10.11588/heidok.00013630
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0533
ppn_swb: 1651644063
own_urn: urn:nbn:de:bsz:16-opus-136301
language: eng
bibsort: LEUERMANNASTEREOTYPE2012
full_text_status: public
citation:   Leuermann, Andrea ; Roth, Benjamin  (2012) Stereotypes and Risk Attitudes: Evidence from the Lab and the Field.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/13630/1/Leuermann_Roth_2012_dp533.pdf