Theory and Decision

, Volume 78, Issue 2, pp 209–218 | Cite as

Within- versus between-country differences in risk attitudes: implications for cultural comparisons

  • Ferdinand M. Vieider
  • Thorsten Chmura
  • Tyler Fisher
  • Takao Kusakawa
  • Peter Martinsson
  • Frauke Mattison Thompson
  • Adewara Sunday


Cultural comparisons enjoy increasing popularity in economics. Since cultural comparison must abandon random allocation to treatments, it is unclear whether differences found between countries can be attributed to country characteristics or are merely driven by differences in subject pools. In experiments in two Chinese cities and at two campuses in Ethiopia, we show that within-country differences are negligible. Differences between the two countries, on the other hand, are large.


Risk attitudes Cultural comparison Experimental economics 

JEL Classification

C18 C90 D80 


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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  • Ferdinand M. Vieider
    • 1
  • Thorsten Chmura
    • 2
  • Tyler Fisher
    • 3
  • Takao Kusakawa
    • 4
  • Peter Martinsson
    • 5
  • Frauke Mattison Thompson
    • 6
  • Adewara Sunday
    • 7
  1. 1.WZB BerlinBerlin Germany
  2. 2.University of Nottingham Business SchoolNottinghamUK
  3. 3.University of Michigan at Ann ArborAnn ArborUSA
  4. 4.Hiroshima Shudo UniversityHiroshimaJapan
  5. 5.University of GothenburgGöteborgSweden
  6. 6.Kings College LondonLondonUK
  7. 7.University of Cape TownCape TownSouth Africa

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