TY  - UNPD
A1  - Kasinger, Johannes
A1  - Dertwinkel-Kalt, Markus
A1  - Schneider, Dmitrij
T1  - Skewness preferences: evidence from online poker
T2  - SAFE working paper ; No. 351
N2  - We investigate what statistical properties drive risk-taking in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe 'insurance' option and a binary lottery of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives where probability distributions are simple, transparent, and known to the individuals. We find that individuals reveal a strong and robust preference for skewness. The effect of skewness is most pronounced among experienced and losing players but remains highly significant for winning players, in contrast to the variance effect.
T3  - SAFE working paper - 351 
KW  - Online Poker
KW  - Risk Attitudes
KW  - Risk Preferences
KW  - Choice under Risk
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/64605
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-646054
UR  - https://ssrn.com/abstract=4142527
IS  - June 2022
PB  - SAFE
CY  - Frankfurt am Main
ER  -