.. _Measurement of Higher Order Risk Preferences:

Measurement of Higher Order Risk Preferences 
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**Short Description:** SOEP and SOEP-IS have measured risk aversion. However, these measures are not sufficient to understand behavior according to economic theory such as if people make intertemporal life decisions. Therefore, this module includes a new tailor-made set of lottery choices, to test for higher order risk attitudes, which are not currently measured in any major household survey.


**Methodological Details:** The participants were asked 9 different lottery items, for instance "What would you prefer: A draw with a 50-percent chance of receiving 300 Euro and the same 50-percent chance of receiving nothing, OR the amount of 150 Euro as a sure payment?"




.. csv-table::
    :file: csv/Measurement of Higher Order Risk Preferences_2020.csv
    :header-rows: 1