The social costs of responsibility

Steven Humphrey () and Elke Renner
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Steven Humphrey: Fachbereich Wirtschaftwissenschaften, Universitaet Osnabrueck

No 2011-02, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham

Abstract: We use an experimental lottery choice task and public goods game to examine if responsibility for the financial welfare of others affects decisionmaking behaviour in two different types of decision environments. We find no evidence that responsibility affects individual risk preferences. Responsibility does, however, crowd-out cooperation in a public goods game.

Keywords: responsibility; risk attitudes; social preferences; public goods game (search for similar items in EconPapers)
JEL-codes: C72 C91 D74 H41 (search for similar items in EconPapers)
Date: 2011-02
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:not:notcdx:2011-02

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