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Social Capital And Risk Responses

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  • Robison, Lindon J.
  • Hanson, Steven D.

Abstract

The economic well-being of economic agents is assumed to be interpersonally dependent. The extent of this interpersonal dependency varies according to the strength of relationships, values, and social bonds and is measured using social capital coefficients in a neoclassical model in which agents with stable preferences maximize utility. The model's predictions are tested empirically by asking agents how their willingness to bear a risk is altered when their refusal to accept the risk increases the risk faced by others.

Suggested Citation

  • Robison, Lindon J. & Hanson, Steven D., 1996. "Social Capital And Risk Responses," Staff Paper Series 11504, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11504
    DOI: 10.22004/ag.econ.11504
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    File URL: https://ageconsearch.umn.edu/record/11504/files/sp96-90.pdf
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    References listed on IDEAS

    as
    1. Robison, Lindon J. & Hanson, Steven D., 1995. "Social Capital And Economic Cooperation," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(1), pages 1-16, July.
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    Cited by:

    1. Robinson, Lindon J. & Siles, Marcelo E., 1999. "Social capital and household income distributions in the United States: 1980, 1990," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(1), pages 43-93.

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