Income-Driven Differences in Reported Risk-Taking: Evidence of Differential Item Functioning

Poster Session I

Keyword: Risk

Abstract: Socioeconomic factors can influence individual risk preferences. We find that on standard self-report measures of risk preferences, there is evidence of differential item functioning depending on income level. This highlights potential bias in certain items, questioning their ability to accurately reflect the underlying construct of risk-taking across income levels.

• Nick Townsend (Presenting Author)
• Brendan Lam (Author)
• Arielle Baskin-Sommers (Author)