Measuring Higher Order Risk Attitudes of the General Population
Single Wave Study
General Information
Title
Measuring Higher Order Risk Attitudes of the General Population
Project Number
38
Abstract
This questionnaire concerns the measurement of the degree of prudence and temperance of respondents by observing several choices between lotteries. The questionnaire consisted of 25 tasks, divided into four parts. Each task involved a virtual throw of the dice, and the result of a throw always resulted in a certain behavior. A throw alternately involved one, two or three dice. Respondents were required to choose between two 'games'. The possible results of the two games always differed. Depending on the condition to which respondents were assigned the amounts were low, normal, or high and depending on the condition respondents were promised and awarded prizes or such prizes were neither promised nor awarded.
Longitudinal Type
Single Wave Study
Researcher
Van De Kuilen, G., Trautmann, S.T.
Publisher
CentERdata
Copyright
© 2010 CentERdata
Funding Organization
CentERdata/MESS Project
DOI
https://doi.org/10.17026/dans-x7z-gtz8
Datasets and documentation
View Documentation
Codebook in English
Codebook in Dutch
image used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
illustration used in the questionnaire
Data Files
English SPSS file
English STATA file
Variables
| Variable name | Variable Label | Variable Type |
|---|---|---|
| nomem_encr | Number of the household member encrypted | preloaded |
| bl09a_m | Month in which the questionnaire was completed | constructed |
| bl09a001 | Experimental condition | constructed |
| bl09a002 | Position of tasks | constructed |
| bl09a003 | Sequence in part 1 | constructed |
| bl09a004 | Sequence of parts 2 and 3 | constructed |
| bl09a005 | Sequence within part 2 | constructed |
| bl09a006 | Sequence within part 2 | constructed |
| bl09a007 | Sequence within part 2 | constructed |
| bl09a008 | Sequence within part 2 | constructed |
| bl09a009 | Sequence within part 2 | constructed |
| bl09a010 | Sequence within part 3 | constructed |
| bl09a011 | Sequence within part 3 | constructed |
| bl09a012 | Sequence within part 3 | constructed |
| bl09a013 | Sequence within part 3 | constructed |
| bl09a014 | Sequence within part 3 | constructed |
| bl09a015 | Result - a prize or not | constructed |
| bl09a016 | Game 1 | directly measured |
| bl09a017 | Game 2 | directly measured |
| bl09a018 | Game 3 | directly measured |
| bl09a019 | Game 4 | directly measured |
| bl09a020 | Game 5 | directly measured |
| bl09a021 | Game 6 | directly measured |
| bl09a022 | Game 7 | directly measured |
| bl09a023 | Game 8 | directly measured |
| bl09a024 | Game 9 | directly measured |
| bl09a025 | Game 10 | directly measured |
| bl09a026 | Game 11 | directly measured |
| bl09a027 | Game 12 | directly measured |
| bl09a028 | Game 13 | directly measured |
| bl09a029 | Game 14 | directly measured |
| bl09a030 | Game 15 | directly measured |
| bl09a031 | Game 16 | directly measured |
| bl09a032 | Game 17 | directly measured |
| bl09a033 | Was it difficult to answer the questions? | directly measured |
| bl09a034 | Were the questions sufficiently clear? | directly measured |
| bl09a035 | Did the questionnaire get you thinking about things? | directly measured |
| bl09a036 | Was it an interesting subject? | directly measured |
| bl09a037 | Did you enjoy answering the questions? | directly measured |
| bl09a038 | Starting date questionnaire | constructed |
| bl09a039 | Starting time questionnaire | constructed |
| bl09a040 | End date questionnaire | constructed |
| bl09a041 | End time questionnaire | constructed |
| bl09a042 | Duration in seconds | derived |
Questions
Questionnaire: HigherOrderRisk
This questionnaire was originally conducted in Dutch.
Browse HigherOrderRiskResponse Information
Response Overview
Overview of the response:
Selected number of household members: 5788 (100.0%)
Non-response: 2332 (40.3%)
Response: 3457 (59.7%)
Complete: 3425 (59.2%)
Incomplete: 32 (0.6%)
Collection Events
Period
07-12-2009 to 30-12-2009
Sample
a random selection of members of the LISS panel of 16 years of age and older
Collection Mode
internet survey
Fieldwork Note
a reminder was sent twice to non-respondents
Publications
Informing panel members about study results: effects of traditional and innovative forms of feedback on participation In: M. Callegaro, R. Baker, J. Bethlehem, A. S. Göritz, J. A. Krosnick and P. J. Lavrakas (Eds.). Online Panel Research: An Interdisciplinary Approach. Wiley. ; Scherpenzeel, Annette and Toepoel, Vera
Beyond the Gender Stereotype: Masculinity and Femininity as Predictors of Financial Risk Tolerance Tilburg University, School of Economics and Management; Eyck, N.
Prudence and prevention – Empirical evidence Ruhr Economic Papers No. 863; Mayrhofer. T.,
et al.
Moral hazard and selection for voluntary deductibles Health economics, 29(10), 1251-1269; Alessie, R. J.,
et al.
How age, gender, net income and education influence the relationship between financial risk tolerance and the decision to opt for a voluntary deductible Vrije Universiteit Amsterdam; Faber, R.
Higher order risk attitudes, demographics, and financial decisions Review of Economic Studies, 81(1), pp. 325-355; Noussair, C.N.
et al.