Let Me See You! A Video Experiment on the Social Dimension of Risk Preferences

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Title:Let Me See You! A Video Experiment on the Social Dimension of Risk Preferences
Creators:
Güth, Werner
Levati, M. Vittoria
Ploner, Matteo
Journal or Publication Title:
AUCO Czech Economic Review, 5, 2, pp. 211-225
Uncontrolled Keywords:Risk attitudes, other-regarding concerns, identifiability

Abstract

Previous studies have shown that individuals are less other-regarding when their own payoff is risky than when it is sure. Empirical observations also indicate that people care more about identifiable than unidentifiable others. We report on an experiment designed to explore whether rendering the other identifiable—via a speechless video—can affect the relation between other-regarding concerns and preferences over social risk. For this sake, we elicit risk attitudes under two treatments differing in whether the actor can see the other or not. We find that seeing the other does not affect behavior significantly: regardless of the treatment, individuals are self-oriented as to allocation of risk, though they are other-regarding with respect to expected payoffs.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=F7AA27BA-1FA2-4B2D-80EA-586F10A7D291&articleid=A2C6F8B7-6142-4800-9B29-0B3AF43F357E

Title:Let Me See You! A Video Experiment on the Social Dimension of Risk Preferences
Creators:
Güth, Werner
Levati, M. Vittoria
Ploner, Matteo
Uncontrolled Keywords:Risk attitudes, other-regarding concerns, identifiability
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:5
Number:2
Page Range:pp. 211-225
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:6774
Item Type:Article
Deposited On:29 Aug 2011 19:17
Last Modified:29 Aug 2011 17:17

Citation

Güth, Werner; Levati, M. Vittoria; Ploner, Matteo (2011) Let Me See You! A Video Experiment on the Social Dimension of Risk Preferences. AUCO Czech Economic Review, 5 (2). pp. 211-225. ISSN 1802-4696

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