What is it about?
Risk attitude is commonly conceptualized as an inherent predisposition to risk, but some researchers have identified notable relationships between measures of this variable and other attributes, such as age and wealth. Our work suggests that accounting for such relationships offers greater insights into risk-taking/averting behavior.
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Why is it important?
Ignoring the above mentioned relationships leads to inaccurate inference regarding motives for behavior.
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This page is a summary of: Measuring the effect of risk attitude on marketing behavior, Agricultural Economics, January 2014, Wiley,
DOI: 10.1111/agec.12104.
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