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WORKING PAPERS IN ECONOMICS No 438 Risk-taking middle-borns: A study on birth- order and risk preferences

By Elina Lampi and Katarina NordblomElina Lampi and Katarina Nordblom


We analyze the impacts of birth order and presence/absence of siblings on risk preferences with respect to economic, health/safety, and sport/lifestyle related risks. We study both the answer to a hypothetical lottery question and stated risky behavior and find that middle-borns are consistently less risk averse than others irrespective of the type of risk. Moreover, the answer to the lottery question is strongly correlated with economic and sport/lifestyle related risky behavior

Topics: gender, age, education, or income on risk preferences (see, e.g, Donkers et al, 2001, Weber
Year: 2010
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