This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
American Economic Review: Vol. 102 No. 6 (October 2012)
AER Volume. 102, Issue 6 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
AER Forthcoming Articles
Full-text Article
Download Data Set (86.70 KB) | Online Appendix (103.91 KB)
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
AER Forthcoming Articles
How General Are Risk Preferences? Choices under Uncertainty in Different Domains
Article Citation
Einav, Liran,
Amy Finkelstein,
Iuliana Pascu, and
Mark R. Cullen. 2012. "How General Are Risk Preferences? Choices under Uncertainty in Different Domains."
American Economic Review,
102(6): 2606-38.
DOI: 10.1257/aer.102.6.2606
DOI: 10.1257/aer.102.6.2606
Abstract
We analyze the extent to which individuals' choices over five employer-provided insurance coverage decisions and one 401(k) investment decision exhibit systematic patterns, as would be implied by a general utility component of risk preferences. We provide evidence consistent with an important domain-general component that operates across all insurance choices. We find a considerably weaker relationship between one's insurance decisions and 401(k) asset allocation, although this relationship appears larger for more "financially sophisticated" individuals. Estimates from a stylized coverage choice model suggest that up to 30 percent of our sample makes choices that may be consistent across all 6 domains. (JEL D12, D14, D81, G22, J33)
Article Full-Text Access
Full-text Article
Additional Materials
Download Data Set (86.70 KB) | Online Appendix (103.91 KB)
Authors
Einav, Liran (Stanford U)
Finkelstein, Amy (MIT)
Pascu, Iuliana (MIT)
Cullen, Mark R. (Stanford U)
Finkelstein, Amy (MIT)
Pascu, Iuliana (MIT)
Cullen, Mark R. (Stanford U)
JEL Classifications
D12: Consumer Economics: Empirical Analysis
D14: Personal Finance
D81: Criteria for Decision-Making under Risk and Uncertainty
G22: Insurance; Insurance Companies
J33: Compensation Packages; Payment Methods
D14: Personal Finance
D81: Criteria for Decision-Making under Risk and Uncertainty
G22: Insurance; Insurance Companies
J33: Compensation Packages; Payment Methods
