Dear colleagues, The Department of Economics cordially invites you to the WU Research Seminar in Economics on Wednesday, June 10th, with Dietmar Fehr (Prof. Dr. Dietmar Fehr | Institute of Economics and Law | University of Stuttgart<https://www.ivr.uni-stuttgart.de/en/institute/team/Fehr-00004/>) presenting: "Status, Control, and Risk: How Relative Wealth Perceptions Shape Risk-Taking". Abstract: We embed an experiment in a large-scale representative survey to investigate how relative wealth affects risk-taking and how this effect varies as a function of perceived control over life outcomes. Our results contest the common prediction of higher risk-taking in the middle of the distribution. Instead, we find that respondents who are induced to perceive their relative wealth as low display more tolerance towards risk in a subsequent incentivized risk-taking task. This effect is not uniform but is mainly driven by individuals who more firmly believe that life outcomes are beyond their control. * Date: Wednesday, June 10th * Time: 4.30 to 6 pm (CET) * Location: building D4, entrance A, ground floor, D4.0.144<https://campus.wu.ac.at/?q=D4.0.144> With best regards, Harald Oberhofer --- Univ.-Prof. Dr. Harald Oberhofer Department of Economics WU Vienna University of Economics and Business Phone: +43/1/31336-4984 Email: harald.oberhofer@wu.ac.at<mailto:harald.oberhofer@wu.ac.at> https://www.wu.ac.at/en/economics/people/oberhofer-h Austrian Institute of Economic Research (WIFO) Phone: +43/1/7982601-468 Email: harald.oberhofer@wifo.ac.at<mailto:harald.oberhofer@wifo.ac.at> http://www.wifo.ac.at/harald_oberhofer