Risk Aversion and Religion

C.N. Noussair, S.T. Trautmann, G. van de Kuilen, N. Vellekoop

Research output: Working paperDiscussion paperOther research output

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Abstract

Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse. Second, we obtain some evidence that Protestants are more risk averse than Catholics. Third, our data suggest that the link between risk aversion and religion is driven by social aspects of church membership, rather than by religious beliefs themselves.
Original languageEnglish
Place of PublicationTilburg
PublisherEconomics
Number of pages20
Volume2012-073
Publication statusPublished - 2012

Publication series

NameCentER Discussion Paper
Volume2012-073

Fingerprint

Risk aversion
Risk-averse
Risk attitude
Revealed preference
Attendance

Keywords

  • risk aversion
  • religion
  • Catholicism
  • Protestantism.

Cite this

Noussair, C. N., Trautmann, S. T., van de Kuilen, G., & Vellekoop, N. (2012). Risk Aversion and Religion. (CentER Discussion Paper; Vol. 2012-073). Tilburg: Economics.
Noussair, C.N. ; Trautmann, S.T. ; van de Kuilen, G. ; Vellekoop, N. / Risk Aversion and Religion. Tilburg : Economics, 2012. (CentER Discussion Paper).
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Noussair, CN, Trautmann, ST, van de Kuilen, G & Vellekoop, N 2012 'Risk Aversion and Religion' CentER Discussion Paper, vol. 2012-073, Economics, Tilburg.

Risk Aversion and Religion. / Noussair, C.N.; Trautmann, S.T.; van de Kuilen, G.; Vellekoop, N.

Tilburg : Economics, 2012. (CentER Discussion Paper; Vol. 2012-073).

Research output: Working paperDiscussion paperOther research output

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T1 - Risk Aversion and Religion

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AU - Vellekoop, N.

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N2 - Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse. Second, we obtain some evidence that Protestants are more risk averse than Catholics. Third, our data suggest that the link between risk aversion and religion is driven by social aspects of church membership, rather than by religious beliefs themselves.

AB - Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse. Second, we obtain some evidence that Protestants are more risk averse than Catholics. Third, our data suggest that the link between risk aversion and religion is driven by social aspects of church membership, rather than by religious beliefs themselves.

KW - risk aversion

KW - religion

KW - Catholicism

KW - Protestantism.

M3 - Discussion paper

VL - 2012-073

T3 - CentER Discussion Paper

BT - Risk Aversion and Religion

PB - Economics

CY - Tilburg

ER -

Noussair CN, Trautmann ST, van de Kuilen G, Vellekoop N. Risk Aversion and Religion. Tilburg: Economics. 2012. (CentER Discussion Paper).