How do risk attitudes affect pro-social behavior? Theory and experiment

We explore how risk preferences affect pro-social behavior in risky environments. We analyze a modified dictator game in which the dictator could, by reducing her own sure payoff, increase the odds that an unknown recipient wins a lottery. We first augment a standard social preferences model with re...

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Detalles Bibliográficos
Autores Principales: Fahle, Sean, Sautua, Santiago-Ignacio
Otros Autores: Facultad de Economía
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: 2017
Materias:
C91
D81
D91
Acceso en línea:http://repository.urosario.edu.co/handle/10336/13947
id ir-10336-13947
recordtype dspace
spelling ir-10336-139472019-09-19T12:37:01Z How do risk attitudes affect pro-social behavior? Theory and experiment Fahle, Sean Sautua, Santiago-Ignacio Facultad de Economía Producción Riesgo (Economía) Loterías Juegos de azar Other-regarding preferences Pro-social behavior Reference-dependent Reference-dependent preferences Risk C91 D81 D91 We explore how risk preferences affect pro-social behavior in risky environments. We analyze a modified dictator game in which the dictator could, by reducing her own sure payoff, increase the odds that an unknown recipient wins a lottery. We first augment a standard social preferences model with reference-dependent risk attitudes and then test the model's predictions for the dictator's giving behavior using a laboratory experiment. As predicted by the model, giving behavior in the experiment is affected by the baseline risk faced by the recipient, the effectiveness of transfers in reducing baseline risk, and the dictator's degree of loss aversion. 2017-11-02 2017-11-10T12:28:16Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/publishedVersion http://repository.urosario.edu.co/handle/10336/13947 eng info:eu-repo/semantics/openAccess application/pdf
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Producción
Riesgo (Economía)
Loterías
Juegos de azar
Other-regarding preferences
Pro-social behavior
Reference-dependent
Reference-dependent preferences
Risk
C91
D81
D91
spellingShingle Producción
Riesgo (Economía)
Loterías
Juegos de azar
Other-regarding preferences
Pro-social behavior
Reference-dependent
Reference-dependent preferences
Risk
C91
D81
D91
Fahle, Sean
Sautua, Santiago-Ignacio
How do risk attitudes affect pro-social behavior? Theory and experiment
description We explore how risk preferences affect pro-social behavior in risky environments. We analyze a modified dictator game in which the dictator could, by reducing her own sure payoff, increase the odds that an unknown recipient wins a lottery. We first augment a standard social preferences model with reference-dependent risk attitudes and then test the model's predictions for the dictator's giving behavior using a laboratory experiment. As predicted by the model, giving behavior in the experiment is affected by the baseline risk faced by the recipient, the effectiveness of transfers in reducing baseline risk, and the dictator's degree of loss aversion.
author2 Facultad de Economía
author_facet Facultad de Economía
Fahle, Sean
Sautua, Santiago-Ignacio
format Documento de trabajo (Working Paper)
author Fahle, Sean
Sautua, Santiago-Ignacio
author_sort Fahle, Sean
title How do risk attitudes affect pro-social behavior? Theory and experiment
title_short How do risk attitudes affect pro-social behavior? Theory and experiment
title_full How do risk attitudes affect pro-social behavior? Theory and experiment
title_fullStr How do risk attitudes affect pro-social behavior? Theory and experiment
title_full_unstemmed How do risk attitudes affect pro-social behavior? Theory and experiment
title_sort how do risk attitudes affect pro-social behavior? theory and experiment
publishDate 2017
url http://repository.urosario.edu.co/handle/10336/13947
_version_ 1645140889047138304
score 11,489418