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Risk-taking middle-borns: A study on birth-order and risk preferences

Author

Listed:
  • Lampi, Elina

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Nordblom, Katarina

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

We analyze the impacts of birth order and presence/absence of siblings on risk preferences with respect to economic, health/safety, and sport/lifestyle related risks. We study both the answer to a hypothetical lottery question and stated risky behavior and find that middle-borns are consistently less risk averse than others irrespective of the type of risk. Moreover, the answer to the lottery question is strongly correlated with economic and sport/lifestyle related risky behavior.

Suggested Citation

  • Lampi, Elina & Nordblom, Katarina, 2010. "Risk-taking middle-borns: A study on birth-order and risk preferences," Working Papers in Economics 438, University of Gothenburg, Department of Economics.
    • Handle: RePEc:hhs:gunwpe:0438
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    File URL: http://hdl.handle.net/2077/22177
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    References listed on IDEAS

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    More about this item

    Keywords

    siblings; birth-order; middle-born; different risks; lottery;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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