The paper reports the result of an experimental game on asset integration and risk taking. We find some evidence that winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the experiment affects risk taking. Controlling for past...

Do anticipated social consequences influence risky choices? Do people take more, less or the same risk when inequality results from risky choice? We provide experimental evidence. Subjects choose lotteries for themselves and a partner under different risk resolutions, allowing us to identify...