Decisions from Description and Experience¶
Short Description The SOEP-IS Risk Module consists of two incentive-compatible behavioral risk taking tasks involving described and experienced risk and extends the GSOEP by providing an assessment of individual differences that may predict real-world outcomes such as employment, financial, and health decisions that are partly guided by individuals’ risk tendencies.
Experimental Details: An online demonstration of the risk taking tasks in German can be found on Renato Frey’s personal website.
Available Papers:
Cobb-Clark, Deborah A., Sarah Dahmann, and Nathan Kettlewell. 2019. Depression, Risk Preferences and Risk-Taking Behavior. SOEPpapers 1038 . Berlin: DIW Berlin. (Also published in 2019: IZA Discussion Paper No. 12285. Bonn: IZA Institute of Labor Economics).;
Frey, Renato, David Richter, Jürgen Schupp, Ralph Hertwig, and Rui Mata. 2020. Identifying robust correlates of risk preference: A systematic approach using specification curve analysis. Journal of Personality and Social Psychology (online first). (https://doi.org/10.1037/pspp0000287)
Find the proposal for the module here
Contact |
Year |
Respondents |
Dataset |
Variables |
Availability |
Field |
Method |
|---|---|---|---|---|---|---|---|
2014 |
~950 |
irisk |
nroption, outcome, probab2_d, sample_out, outcome1_b, probab1_d, probab1_a, task, outcome2_b, outcome1_a, higher_opt, gamble, trail, react_time, outcome2_c, decision_box, sample_opt, riskier, im_risk, condition, outcome1_d, probab2_b, time, ch_option, outcome2_d, probab2_a, outcome2_a, outcome1_c, sample_box, probab1_b, probab2_c, probab1_c, decision, sample_ind, task_order |
04/2017 |
Psychology |
Experiment |