Do actions speak louder than words? Comparing the effect of risk aversion on objective and self-reported mitigation measures

Autor:	Hannah Brenkert-Smith, James R. Meldrum, Travis Warziniack, Lilia C. Falk, Christopher M. Barth, Jamie Gomez, Patricia A. Champ
Rok vydání:	2020
Předmět:	Organizational Behavior and Human Resource Management Economics and Econometrics Actuarial science Risk aversion business.industry Some confidence business Psychology Risk management
Zdroj:	Journal of Economic Behavior & Organization. 169:301-313
ISSN:	0167-2681
DOI:	10.1016/j.jebo.2019.11.019
Popis:	In this article, we empirically examine whether the relationship between risk aversion and self-reported risk mitigating behavior is similar to the relationship between risk aversion and an objective measure of risk mitigating behavior. Despite higher levels of risk mitigation in the self-reported measure relative to the objective measure, we find risk aversion is similarly correlated with both measures of wildfire risk mitigation. These results provide some confidence in the use of self-reported behaviors in examinations of risk preferences and risky behaviors, even if the self-reports understate objective behavioral measures.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::250934ebf38f6cb3241f124caae06378 https://doi.org/10.1016/j.jebo.2019.11.019 Zobrazit plný text záznamu Full Text from ScienceDirect