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Monday, August 2 • 2:15pm - 3:45pm
2C3 Risk-Taking At the Margins: Evidence from Simulated Auto Racing

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James Hilliard, Temple University; David Weber, Northern Arizona University; Annette Hofmann, St. John's University

Using a unique dataset containing over 56,000 simulated auto races spanning two years, we analyze risk taking and risk preferences of participants, in particular at the margins. We find that when there are kinks in the “wealth” function, players take less risk given opportunities to increase wealth at a kink and take more risk when given opportunities to lose wealth at a kink. We also explore other potential research topics available with this rich dataset.

Discussant
DP

David Pooser

St. John's University

Presenters
JH

James Hilliard

Temple University



Monday August 2, 2021 2:15pm - 3:45pm EDT