Economics at your fingertips  

Young adults gamble less when observed by peers

Agnieszka Tymula and Jackson Whitehair

Journal of Economic Psychology, 2018, vol. 68, issue C, 1-15

Abstract: The impact of peer presence on the choices made by young people is yet to be fully understood. Using an incentive compatible experiment, we investigate whether: (1) young people’s willingness to accept known and unknown risks varies when in the presence of an observer of the similar age compared to in private and (2) whether these preferences are affected by having observed peer’s decisions. We find that young adults do not gamble more when observed by peers, rather they become more ambiguity averse.

Keywords: Observation; Risk; Uncertainty (search for similar items in EconPapers)
JEL-codes: D80 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
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:

DOI: 10.1016/j.joep.2018.07.005

Access Statistics for this article

Journal of Economic Psychology is currently edited by G. Antonides and D. Read

More articles in Journal of Economic Psychology from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

Page updated 2021-03-28
Handle: RePEc:eee:joepsy:v:68:y:2018:i:c:p:1-15