TY - JOUR
T1 - Risk aversion and religion
AU - Noussair, C.N.
AU - Trautmann, S.T.
AU - van de Kuilen, G.
AU - Vellekoop, N.
PY - 2013
Y1 - 2013
N2 - We use a dataset for a demographically representative sample of the Dutch population that contains a revealed preference risk attitude measure, as well as detailed information about participants’ religious background, to study three issues. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse with regard to financial risks. Second, we obtain some evidence that Protestants are more risk averse than Catholics in such tasks. 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 - We use a dataset for a demographically representative sample of the Dutch population that contains a revealed preference risk attitude measure, as well as detailed information about participants’ religious background, to study three issues. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse with regard to financial risks. Second, we obtain some evidence that Protestants are more risk averse than Catholics in such tasks. 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.
U2 - 10.1007%2fs11166-013-9174-8#
DO - 10.1007%2fs11166-013-9174-8#
M3 - Article
SN - 0895-5646
VL - 47
SP - 165
EP - 183
JO - Journal of Risk and Uncertainty
JF - Journal of Risk and Uncertainty
IS - 2
ER -