Relations between risk attitudes, culture and the endowment effect
The main purpose of this research was to examine whether systematic cross-national differences existed in risk preferences. As a part of the survey, it was also tested how the subjects decided on behalf of their friends. Considering the type of risk-taking and the role of endowment plus relevant cul...
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| Format: | Article |
| Language: | English |
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Sciendo
2018-12-01
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| Series: | Engineering Management in Production and Services |
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| Online Access: | https://doi.org/10.2478/emj-2018-0019 |