Study reveals how people's risk preferences are shaped by socio-economic factors
The study looked at how people make decisions about taking risks. They used a real-life experiment with over 1,400 people in the Netherlands. The researchers found that different factors, like how much people dislike losing and how they feel about uncertainty, affect how they make choices. These factors are linked to things like income and education. Overall, people's choices are influenced by a mix of personal traits and outside factors.