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Attitudes toward private and collective risk in individual and strategic choice situations

[journal article]

Brennan, Geoffrey; González, Luis G.; Güth, Werner; Levati, M. Vittoria

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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-253847

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Abstract Idiosyncratic risk attitudes are usually assumed to be commonly known and related to own payoffs only. However, the alternatives faced by a decision maker often involve risk about others' payoffs as well. Motivated by the importance of other-regarding preferences in social interactions, this paper explores idiosyncratic attitudes toward own and others' risk. We elicit risk attitudes in an experiment involving choices with and without strategic interaction. Regardless of the choice situation, the results do not support any relation between risk attitudes and other-regarding concerns.
Classification Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods; Social Psychology
Free Keywords Other-regarding concerns; Random price mechanism; Public goods experiments; C90; D63; D81; H41
Document language English
Publication Year 2008
Page/Pages p. 253-262
Journal Journal of Economic Behavior & Organization, 67 (2008) 1
DOI http://dx.doi.org/10.1016/j.jebo.2007.02.001
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)