Attitudes toward Private and Collective Risks in Individual and Strategic Choice Situations
Werner Güth (),
Luis G. Gonzalez and
Maria Levati ()
Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group
Idiosyncratic risk attitudes are usually assumed to be commonly known and restricted to own payoffs. However, the alternatives faced by a decision maker often involve risks for others' payoffs as well. Motivated by the importance of other-regarding preferences in social interactions, this paper explores idiosyncratic attitudes toward own and others' risks. We elicit risk attitudes in an experiment involving choices with and without strategic interaction.
Keywords: Other-regarding concerns; Random price mechanism; Public goods experiments (search for similar items in EconPapers)
JEL-codes: C90 D63 D81 H41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
Journal Article: Attitudes toward private and collective risk in individual and strategic choice situations (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:esi:discus:2005-22
Ordering information: This working paper can be ordered from
http://www.econ.mpg. ... arch/ESI/discuss.php
Access Statistics for this paper
More papers in Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group
Contact information at EDIRC.
Series data maintained by Karin Richter (). This e-mail address is bad, please contact .