Agricultural and Food Economics

Table 4 Lottery: CRRA ranges and relative percentage of respondents

From: On the association between risk attitude and fruit and vegetable consumption: insights from university students in Italy

Gamble	Low payoff (50%)	High payoff (50%)	Expected payoff	Risk^a	CRRA ranges	Respondents (%)
A	50 €	50 €	50 €	0	r > 1.7	33.1
B	40 €	70 €	55 €	15	0.8 < r < 1.7	31.0
C	30 €	90 €	60 €	30	0.5 < r < 0.8	21.5
D	20 €	110 €	65 €	45	0.4 < r < 0.5	5.6
E	10 €	130 €	70 €	60	0.3 < r < 0.4	1.1
F	0 €	150 €	75 €	75	0.2 < r < 0.3	7.8

Note: ^aThe risk is calculated as the standard deviation of the expected payoff

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