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

Geoffrey Brennan, Luis G. González, Werner Güth and Maria Vittoria Levati ()

Journal of Economic Behavior & Organization, 2008, vol. 67, issue 1, pages 253-262

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.

Date: 2008
View citations in EconPapers

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6V8F ... 48b04c2356dfb223b51b
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Attitudes toward Private and Collective Risks in Individual and Strategic Choice Situations (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:jeborg:v:67:y:2008:i:1:p:253-262

Access Statistics for this article

Journal of Economic Behavior & Organization is edited by J. B. Rosser

More articles in Journal of Economic Behavior & Organization from Elsevier
Series data maintained by Heidi Boesdal ().