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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
Risk attitudes in specific contexts
Our Classification
Operationalization
Self-report on single question:
"People can act differently in different situations. How would you rank your readiness to assume a risk in each of the following fields:
a Car Driving
b Financial Matters
c Sports and Leisure
d Career
e Health"
rated from 0 (not at all prepared to take risks) to 10 (very prepared to take risks)

converted to the dichotomy:
0 not prepared to take risks
1 prepared to take risks

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d b = +.14 p < .01 Car driving O-SLW-c-sq-n-11-d b = +.22 p < .01 Financial Matters O-SLW-c-sq-n-11-d b = +.25 p < .01 Sports and Leisure O-SLW-c-sq-n-11-d b = +.20 p < .01 Career O-SLW-c-sq-n-11-d b = +.06 ns Health

B's 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 < .01 Car Driving
(+0.011)
O-SLW-c-sq-n-11-d OPRC = + p < .01 Financial Matters
(+0.009)
O-SLW-c-sq-n-11-d OLRC = + p < .01 Sports and Leisure
(+0.014)
O-SLW-c-sq-n-11-d OPRC = + p < .01 Career
(+0.014)
O-SLW-c-sq-n-11-d OPRC = + p < .01 Health
(+0.006)

OPRC's 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