Why have Dostojewski and Tolstoi never met? On the relation of risk attitudes and altruism

We experimentally analyze the relation of risk preferences and subjects aversion to advantageous inequality as measured by the guilt parameter of the Fehr and Schmidt (1999) model. Our findings reveal a significant negative correlation between subjects risk attitudes and their altruistic behavior. Risk tolerant subjects tend to be selfish, whereas risk-averse people show high levels of altruism.

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Year of publication:	2015
Authors:	Müller, Stephan ; Rau, Holger A.
Institutions:	Center for European, Governance and Economic Development Research (CeGE), Wirtschaftswissenschaftliche Fakultät
Subject:	altruism \| experiment \| risk preferences

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Extent:	application/pdf
Series:	Center for European, Governance and Economic Development Research Discussion Papers. - ISSN 1439-2305.
Type of publication:	Book / Working Paper
Notes:	Number 231
Classification:	C91 - Laboratory, Individual Behavior ; D64 - Altruism ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011183252