Attitudes toward Private and Collective Risksin Individual and Strategic Choice Situations

Idiosyncratic risk attitudes are usually assumed to be commonly knownand restricted to own payos. However, the alternatives faced by a decisionmaker often involve risks for others' payos as well. Motivated by theimportance of other-regarding preferences in social interactions, this paperexplores idiosyncratic attitudes toward own and others' risks. We elicit riskattitudes in an experiment involving choices with and without strategicinteraction.

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Authors:	Brennan, Geoffrey ; González Morales, Luis G. ; Güth, Werner ; Levati, Maria Vittoria
Institutions:	Max-Planck-Institut für Ökonomik <Jena> - Abteilung für Strategische Interaktion
Subject:	Marktmechanismus \| Öffentliches Gut \| Public Property \| Spieltheorie \| game theory \| Risikoverhalten \| Auszahlung <Spieltheorie> \| payoff

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Extent:	187392 bytes 25 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik <Jena> - Abteilung für Strategische Interaktion - Papers on Strategic Interaction
Type of publication:	Book / Working Paper
Language:	English
Classification:	C90 - Design of Experiments. General ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; H41 - Public Goods ; Market research ; Study of commerce ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005866833