{"id":133370,"date":"2022-09-16T10:58:31","date_gmt":"2022-09-16T08:58:31","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&#038;p=133370"},"modified":"2022-09-19T10:05:26","modified_gmt":"2022-09-19T08:05:26","slug":"research-seminar-irisk-trautmann","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-irisk-trautmann\/","title":{"rendered":"[Research Seminar] IRISK: &#8220;Higher order risk preferences and economic decision&#8221; S. TRAUTMANN &#8211; Univiersity of Heidelberg"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-133330\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche.jpg\" alt=\"\" width=\"880\" height=\"250\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche.jpg 880w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche-300x85.jpg 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche-768x218.jpg 768w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche-150x43.jpg 150w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/Bandeaux-events-seminaire-recherche-400x114.jpg 400w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Speaker: Stephan TRAUTMANN<br \/>\n<\/strong><em>University of Heidelberg<br \/>\nCo-authored with Y. XU, M. BOKSEM, C. N. NOUSSAIR, G. VAN DE KUILEN &amp; A. SANFEY<\/em><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Date and Location &#8211; Friday September 23rd 2022 from 13:30 to 14:3<\/strong><strong>0<br \/>\nin Lille campus and on Zoom<\/strong><\/p>\n<p style=\"text-align: center;\">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2 style=\"font-weight: 400; text-align: left;\">ABSTRACT<\/h2>\n<p><img loading=\"lazy\" class=\" wp-image-133371 alignleft\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/RS-IRISK.jpg\" alt=\"\" width=\"313\" height=\"313\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/RS-IRISK.jpg 400w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/RS-IRISK-300x300.jpg 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/RS-IRISK-150x150.jpg 150w\" sizes=\"(max-width: 313px) 100vw, 313px\" \/><\/p>\n<div data-tid=\"messageBodyContent\">\n<p>Under expected utility, individuals\u2019 higher risk attitudes prudence and temperance determine savings and investment decisions. Prudent individuals save more when their future income becomes more uncertain; temperate individuals prefer less risky investment in the presence of greater background risks. In experimental savings and investment tasks, we find clear evidence for both predictions for the average individual. We also measure individuals\u2019 (higher-order) risk attitudes directly, using two different elicitation methods. We find that individual prudence measures explain the strength of the precautionary saving, while individual temperance measures do not aid explaining investment. The two elicitation methods yield strongly correlated risk preference measures for risk aversion, prudence and temperance.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<div data-tid=\"messageBodyContent\"><\/div>\n<div style=\"text-align: center;\" data-tid=\"messageBodyContent\"><a class=\"btn-transparent\" href=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2022\/09\/abstract-Stefan-Trautmann.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More<\/strong> Info<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Speaker: Stephan TRAUTMANN University of Heidelberg Co-authored with Y. XU, M. BOKSEM, C. N. NOUSSAIR, G. VAN DE KUILEN &amp; A. SANFEY &nbsp; Date and Location &#8211; Friday September 23rd [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[200,66,166,181],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>[Research Seminar] IRISK: &quot;Higher order risk preferences and economic decision&quot; S. TRAUTMANN - Univiersity of Heidelberg - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"Speaker: Stephan TRAUTMANN University of Heidelberg Co-authored with Y. XU, M. BOKSEM, C. N. NOUSSAIR, G. VAN DE KUILEN &amp; A. 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