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Attitudes toward private and collective risk in individual and strategic choice situations
[journal article]
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 e... view more
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.... view less
Classification
Social Psychology
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
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
https://doi.org/10.1016/j.jebo.2007.02.001
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)