Altruistic and risk preference of individuals and groups

Yoshio Kamijo and Teruyuki Tamura
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Teruyuki Tamura: School of Economics and Management, Kochi University of Technology

No SDES-2016-12, Working Papers from Kochi University of Technology, School of Economics and Management

Abstract: This study examines whether attitudes toward risk and altruism are affected by being in a group or being alone. Subjects in our experiment were requested only to show their faces to other members without any further communication, differing from previous studies. In experiments of both anonymous investments and donations, we found that subjects who made decisions in a group offered significantly lower amounts than individuals who made decisions alone, even controlling for individuals' risk and altruistic preferences. Our results indicate that people are more risk averse and self-interested when they are in a group.

Keywords: Group decision; Altruism; Decision under risk (search for similar items in EconPapers)
JEL-codes: C91 C92 D81 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2016-10, Revised 2016-10
New Economics Papers: this item is included in nep-cbe, nep-cdm, nep-evo, nep-exp, nep-net, nep-soc and nep-upt
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Published in SDE Series, October 2016, pages 1-29

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http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2016-12.pdf First version, 2016 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2016-12

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