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The relation of risk attitudes and other-regarding preferences: A within-subjects analysis


  • Müller, Stephan
  • Rau, Holger A.


In this paper we provide experimental evidence on the relation of individual risk attitudes and subjects׳ aversion to favorable inequality. In a within-subjects design we expand Blanco et al.׳s (2011) modified dictator game by the risk-elicitation task of Eckel and Grossman (2002). Our data show strong support for a significant negative correlation between risk tolerance and an aversion to favorable inequality. The results are independent of gender, i.e., women and men show a similar correlation in these traits.

Suggested Citation

  • Müller, Stephan & Rau, Holger A., 2016. "The relation of risk attitudes and other-regarding preferences: A within-subjects analysis," European Economic Review, Elsevier, vol. 85(C), pages 1-7.
  • Handle: RePEc:eee:eecrev:v:85:y:2016:i:c:p:1-7
    DOI: 10.1016/j.euroecorev.2016.02.004

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    Cited by:

    1. Strobl, Renate & Wunsch, Conny, 2018. "Risky Choices and Solidarity: Why Experimental Design Matters," Working papers 2018/17, Faculty of Business and Economics - University of Basel.
    2. repec:eee:joepsy:v:62:y:2017:i:c:p:258-267 is not listed on IDEAS
    3. Strobl, Renate & Wunsch, Conny, 2017. "Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya," IZA Discussion Papers 10906, Institute of Labor Economics (IZA).
    4. Müller, Stephan & Rau, Holger A., 2017. "Decisions under uncertainty in social contexts," Center for European, Governance and Economic Development Research Discussion Papers 290, University of Goettingen, Department of Economics.
    5. Grosch, Kerstin & Rau, Holger, 2017. "Gender differences in honesty: The role of social value orientation," Center for European, Governance and Economic Development Research Discussion Papers 308, University of Goettingen, Department of Economics.
    6. Rau, Holger & Müller, Stephan, 2017. "Decisions under Uncertainty in Social Contexts," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168228, Verein für Socialpolitik / German Economic Association.

    More about this item


    Experiment; Other-regarding preferences; Risk preferences;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty


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