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The Betrayal Aversion Elicitation Task: An Individual Level Betrayal Aversion Measure

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  • Jason Aimone
  • Sheryl Ball
  • Brooks King-Casas

Abstract

Research on betrayal aversion shows that individuals’ response to risk depends not only on probabilities and payoffs, but also on whether the risk includes a betrayal of trust. While previous studies focus on measuring aggregate levels of betrayal aversion, the connection between an individual’s own betrayal aversion and other individually varying factors, including risk preferences, are currently unexplored. This paper develops a new task to elicit an individual’s level of betrayal aversion that can then be compared to individual characteristics. We demonstrate the feasibility of our new task and show that our aggregate individual results are consistent with previous studies. We then use this classification to ask whether betrayal aversion is correlated with risk aversion. While we find risk aversion and betrayal aversion have no significant relationship, we do observe that risk aversion is correlated with non-social risk preferences, but not the social, betrayal related, risk component of the new task.

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  • Jason Aimone & Sheryl Ball & Brooks King-Casas, 2015. "The Betrayal Aversion Elicitation Task: An Individual Level Betrayal Aversion Measure," PLOS ONE, Public Library of Science, vol. 10(9), pages 1-12, September.
    • Handle: RePEc:plo:pone00:0137491
    DOI: 10.1371/journal.pone.0137491
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    Cited by:

    1. Diekert, Florian & Goeschl, Timo & König-Kersting, Christian, 2021. "Social Risk Effects: The 'Experience of Social Risk' Factor," Working Papers 0704, University of Heidelberg, Department of Economics.
    2. Cubitt, Robin & Gächter, Simon & Quercia, Simone, 2017. "Conditional cooperation and betrayal aversion," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 110-121.
    3. Jeffrey V. Butler & Joshua B. Miller, 2018. "Social Risk and the Dimensionality of Intentions," Management Science, INFORMS, vol. 64(6), pages 2787-2796, June.
    4. Polipciuc, Maria, 2022. "Group identity and betrayal: decomposing trust," ROA Research Memorandum 002, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    5. Suchon, Rémi & Villeval, Marie Claire, 2019. "The effects of status mobility and group identity on trust," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 430-463.
    6. Humphrey, Steven J. & Mondorf, Stefan, 2021. "Testing the causes of betrayal aversion," Economics Letters, Elsevier, vol. 198(C).
    7. Bi, Qingqing & Boh, Wai Fong & Christopoulos, Georgios, 2021. "Trust, fast and slow: A comparison study of the trust behaviors of entrepreneurs and non-entrepreneurs," Journal of Business Venturing, Elsevier, vol. 36(6).
    8. van Winden, Frans, 2023. "The informational affective tie mechanism: on the role of uncertainty, context, and attention in caring," Journal of Economic Psychology, Elsevier, vol. 97(C).
    9. Gallier, Carlo & Sturm, Bodo, 2021. "The ratchet effect in social dilemmas," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 251-268.
    10. Simone Quercia, 2016. "Eliciting and measuring betrayal aversion using the BDM mechanism," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(1), pages 48-59, May.
    11. Gallier, Carlo & Sturm, Bodo, 2020. "The ratchet effect in social dilemmas," ZEW Discussion Papers 20-015, ZEW - Leibniz Centre for European Economic Research.

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