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Correlational findings

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

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d b = +.13 p < .01 B controlled for:
- Gender
- Age
- Height
- Parental education
- Log household wealth
- Log household debt
- Log of current gross monthly household income
- Location of residence in 1989
O-SLW-c-sq-n-11-d OPRC = + p < .05 (+516.80)

OPRC controlled for:
- Gender
- Age
- Education of Parents
- Height (in cm)
- Weight (in kg)
- Marital status
- Number of Children born after 1987
- Religion
- Location of Residence in 1989
- Current Location of Residence
- Nationality
- Education
- Subjective Health Status
- Smoker
- Enrollment in School or University
- Domain in Public Sector
- Domain in Private Sector
- Self-employment
- Occupation Status
- Log (Household Wealth in 2002)
- Log (Household Dept in 2002)
- Log (Household Income 2004)
- Month of Interview