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Attitudes toward private and collective risk in individual and strategic choice situations
[Zeitschriftenartikel]
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... mehr
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.... weniger
Klassifikation
Sozialpsychologie
Erhebungstechniken und Analysetechniken der Sozialwissenschaften
Freie Schlagwörter
Other-regarding concerns; Random price mechanism; Public goods experiments; C90; D63; D81; H41
Sprache Dokument
Englisch
Publikationsjahr
2008
Seitenangabe
S. 253-262
Zeitschriftentitel
Journal of Economic Behavior & Organization, 67 (2008) 1
DOI
https://doi.org/10.1016/j.jebo.2007.02.001
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)