Journal ArticleDOI
Interpersonal risk assessment and social preferences: An experimental study
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In this paper, the authors investigate interpersonal risk assessment, that is how individuals use either their own or their partner's monetary resources to offset the risk that affects them or his partner.About:
This article is published in Journal of Economic Psychology.The article was published on 2020-03-01. It has received 9 citations till now. The article focuses on the topics: Social preferences & Risk assessment.read more
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An experiment on risk taking and evaluation periods
Uri Gneezy,Jan Potters +1 more
TL;DR: This paper found that the more frequently returns are evaluated, the more risk averse investors will be, which is in line with the behavioral hypothesis of "myopic loss aversion", which assumes that people are myopic in evaluating outcomes over time, and are more sensitive to losses than to gains.
Journal ArticleDOI
Risk-taking on behalf of others
TL;DR: This article found a weak tendency of lower risk-taking with others' money compared to own money, and subjects believe that other participants take more risk with other people's money than with their own.
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Risk-Taking on Behalf of Others
TL;DR: The authors found that a large majority of subjects alternates between taking more risk, less risk or the same amount of risk with other people's money compared to own money, indicating random behavior.
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Current issues in decision making for others
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How do risk attitudes affect pro-social behavior? Theory and experiment
TL;DR: The authors explore how risk preferences affect pro-social behavior under uncertainty and find that the relationship between giving behavior and a giver’s loss aversion is mediated by the strength of the giver's prosocial preferences.
References
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Journal ArticleDOI
z-Tree: Zurich toolbox for ready-made economic experiments
TL;DR: Z-Tree as mentioned in this paper is a toolbox for ready-made economic experiments, which allows programming almost any kind of experiments in a short time and is stable and easy to use.
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A theory of fairness, competition and cooperation
Ernst Fehr,Klaus M. Schmidt +1 more
TL;DR: This paper showed that if some people care about equity, the puzzles can be resolved and that the economic environment determines whether the fair types or the selesh types dominate equilibrium behavior in cooperative games.
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Risk Aversion and Incentive Effects
Charles A. Holt,Susan K. Laury +1 more
TL;DR: In this article, a menu of paired lottery choices is structured so that the crossover point to the high-risk lottery can be used to infer the degree of risk aversion, and a hybrid "power/expo" utility function with increasing relative and decreasing absolute risk aversion is presented.
Journal ArticleDOI
Risk Aversion and Incentive Effects
Charles A. Holt,Susan K. Laury +1 more
TL;DR: In this article, a menu of paired lottery choices is structured so that the crossover point to the high-risk lottery can be used to infer the degree of risk aversion, and a hybrid utility function with increasing relative and decreasing absolute risk aversion nicely replicates the data patterns over this range of payoffs from several dollars to several hundred dollars.
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Understanding Social Preferences with Simple Tests
Gary Charness,Matthew Rabin +1 more
TL;DR: This paper found that subjects are more concerned with increasing social welfare, sacrificing to increase the payoffs for all recipients, especially low-payoff recipients, than with reducing differences in payoffs.