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The role of responsibility in strategic risk-taking

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Author Info
Charness, Gary
Jackson, Matthew O.

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Abstract

We explore play between groups where one member of each 2-person group dictates the play of that group and is therefore responsible for the payoff of the other group member. We compare this to play when the game is the same, but each person is playing only for herself. Consistent with the principle of responsibility-alleviation described by Charness [Charness, G., 2000. Responsibility and effort in an experimental labor market. Journal of Economic Behavior and Organization 42, 375-384], we find that a sense of responsibility for the welfare of others has an effect. While the issue of responsibility does not appear to influence the decisions of 2/3 of the population, almost 90 percent of the remaining 1/3 of the population plays a less risky strategy when choosing for a group than when playing only for herself.

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Publisher Info
Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 69 (2009)
Issue (Month): 3 (March)
Pages: 241-247
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Handle: RePEc:eee:jeborg:v:69:y:2009:i:3:p:241-247

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Related research
Keywords: Equilibrium selection Responsibility Risk-taking;

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  1. Francesco Feri & Bernd Irlenbusch & Matthias Sutter, 2009. "Efficiency Gains from Team-Based Coordination – Large-Scale Experimental Evidence," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2009_14, Max Planck Institute for Research on Collective Goods. [Downloadable!]
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This page was last updated on 2009-11-7.


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