Trust and risk tolerance
Oct. 15th, 2015 07:26 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsI'm sick: headache and slight fever. Probably, caught a bug somewhere during my travels. Shit. So, what do sick people do when they can't think? Right, they read stuff.
http://www.nber.org/papers/w19855
It looks like educated immigrants from poor countries, when compared to the natives, show high risk tolerance [this is from a different paper. somehow, I lost the reference] and slightly higher levels of trust toward the new country's institutions, esp. if they come from low-trust countries. That would explain the success many foreign-born entrepreneurs enjoy in the US.
I bet the distribution of trust is not normal, though. Based on what I've seen in LJ discussions wrt to Russia/Ukraine, there should be a two-peak distribution, e.g. based on one's social environment. Or maybe it has fat tails. After seeing all the vatnicks, it's hard for me to believe that they would vouch for American or Western values.
http://www.nber.org/papers/w19855
It looks like educated immigrants from poor countries, when compared to the natives, show high risk tolerance [this is from a different paper. somehow, I lost the reference] and slightly higher levels of trust toward the new country's institutions, esp. if they come from low-trust countries. That would explain the success many foreign-born entrepreneurs enjoy in the US.
I bet the distribution of trust is not normal, though. Based on what I've seen in LJ discussions wrt to Russia/Ukraine, there should be a two-peak distribution, e.g. based on one's social environment. Or maybe it has fat tails. After seeing all the vatnicks, it's hard for me to believe that they would vouch for American or Western values.
