Brennan, Geoffrey; Güth, Werner; Gonzalez, Luis G.; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2005
Idiosyncratic risk attitudes are usually assumed to be commonly known and restricted to own payoffs. However, the alternatives faced by a decision maker often involve risks for others' payoffs as well. Motivated by the importance of other-regarding preferences in social interactions, this paper...