Social capital and risk-taking behavior

Sherman Folland

Chapter 10 in Elgar Companion to Social Capital and Health, 2018, pp 137-146 from Edward Elgar Publishing

Abstract: This chapter presents a mathematical model of social capital in which one’s utility increases when there is a gain in social capital. Risk-taking behavior becomes less attractive when the person has “more to lose†. A graphical extension to the model adds money and resources so that the risk of loss affects the trade-off between money and the “bad†, which is now less desirable. The review of recent empirical evidence for cigarette smoking, illegal drugs and alcohol offers support to the results from this model.

Keywords: Economics and Finance; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2018
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