Risk Taking and Social Exposure

Valeria Faralla (), Alessandro Innocenti () and Eva Venturini ()

Labsi Experimental Economics Laboratory University of Siena from University of Siena

Abstract: The paper examines in the laboratory how risk-taking situations are affected by the conditions of observing other’s choices (observer) and being observed by others (source). By extending Yechiam et al.’s (2008) experimental design to the domain of gains we find that observers are more probable than sources to choose risky alternatives producing rare gains than equiprobable gains. The impact of social exposure is also analyzed and interpreted in the context of personality traits to assess how heterogeneity influences risky decisions.

Keywords: risky shift; social exposure; personality traits. (search for similar items in EconPapers)
JEL-codes: C91 D01 D81 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-cbe, nep-cwa, nep-exp, nep-neu and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:usi:labsit:046

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