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The Role of Responsibility in Strategic Risk-Taking

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Author Info
Gary Charness (University of California, Santa Barbara)
Matthew Jackson (Stanford University)

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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 in Charness (2000), 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
Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 18-07.

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Date of creation: 21 Oct 2007
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Handle: RePEc:cdl:ucsbec:18-07

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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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