Study Dohmen et al. (2005): study DE

Public

17+ aged, general public, Germany, 2004

Survey name

DE-SOEP 2004

Sample

Respondents

N = 22019

Non Response

Assessment

Interview: face-to-face

Correlate

Authors's Label

Positive amount invested in hypothetical asset

Our Classification

Operationalization

Self-report on single question:
"Imagine you had won 100000Euros in a lottery. Almost immediately after you collect, you receive the following financial offer from a reputable bank, the conditions of which are as follows> There is the chance to double the money within two years. It is equally possible that you could lose half of the amount invested.
What share of your lottery winnings would you be prepared to invest in this financially risky, yet lucrative investment?"
1      0 Euro
2  20000 Euros
3  40000 Euros
4  60000 Euros
5  80000 Euros
6 100000 Euros

converted to the dichotomy:
0 no positive investment
1 positive investment

Observed Relation with Happiness