The role of individual risk attitudes on old wine valuations
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comunitat-uji-handle2:10234/8643
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INVESTIGACIONMetadata
Title
The role of individual risk attitudes on old wine valuationsDate
2019-12-06Publisher
Cambridge University PressBibliographic citation
GEORGANTZÍS, Nikolaos; TISSERAND, Jean-Christian. The Role of Individual Risk Attitudes on Old Wine Valuations. Journal of Wine Economics, 2019, 14.4: 417-426.Type
info:eu-repo/semantics/articlePublisher version
https://www.cambridge.org/core/journals/journal-of-wine-economics/article/role-o ...Version
info:eu-repo/semantics/updatedVersionSubject
Abstract
In this article, we report the results of an experiment designed to address the effect of risk atti-tudes on valuations of aged wines. Wefind that higher risk taking in the economic domain isassociated with a signif ... [+]
In this article, we report the results of an experiment designed to address the effect of risk atti-tudes on valuations of aged wines. Wefind that higher risk taking in the economic domain isassociated with a significantly higher willingness to pay for an old wine. Given the increasinginterest of consumers and investors in old wines, our results are applicable to the pricing of oldwines and to the use of auctions as an efficient willingness to pay elicitation mec [-]
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© American Association of Wine Economists 2019
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info:eu-repo/semantics/openAccess
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- ECO_Articles [696]