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Professional traders’ individual and social preferences under risk: Does group's wealth matter?

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  • Rocco Caferra
  • Andrea Morone
  • Piergiuseppe Morone
  • Paolo Storelli

Abstract

We studied whether professional traders’ risk attitudes varied according to social context. To this extent, we examined whether the level of wealth in the relevant group influenced traders’ risky decisions. The results showed that risk aversion decreased with increased income/wealth conditions in the group context.

Suggested Citation

  • Rocco Caferra & Andrea Morone & Piergiuseppe Morone & Paolo Storelli, 2022. "Professional traders’ individual and social preferences under risk: Does group's wealth matter?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1063-1082, December.
    • Handle: RePEc:bla:annpce:v:93:y:2022:i:4:p:1063-1082
    DOI: 10.1111/apce.12350
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