variables: 98773
Data license: CC-BY
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98773 | Risk taking (Falk et al. (2018) GPS) | Participants' risk preference was measured using both quantitative questions and a qualitative question. The quantitative question posed a series of 5 binary choices where participants chose between a fixed lottery (individual could win x or zero) and varying payments y (paid with certainty). Choice of the lottery resulted in an increase of the sure amount being offered in the next question, and vice versa, to determine an individual's certainty equivalent. The qualitative question asks for the participant's self assessment of their willingness to take risks on an 11 point scale: "In general, how willing are you to take risks?" Higher values indicate the country average for risk taking is above the world average. The qualitative and quantitative responses were combined using roughly equal weights. For more information, see Table I in Falk et al. (2018). | 2018-11-06 20:25:24 | 2023-06-15 05:05:42 | 3094 | 16229 | {} |
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