Relations between risk attitudes, culture and the endowment effect

• Published in: Engineering management in production and services Vol. 10; no. 4; pp. 7 - 20
• Main Author: Derecskei, Anita Kolnhofer
• Format: Journal Article
• Language: English
• Published: Bialystok Sciendo 01.12.2018; De Gruyter Poland
• Subjects: Attitudes; cultural differences; Cultural heritage; Culture; Decision making; Endowment; management; ownership; principal-agent problem; risk
• ISSN: 2543-912X; 2543-6597; 2543-912X
• DOI: 10.2478/emj-2018-0019

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...