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The social costs of responsibility

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  • Steven J. Humphrey

    () (Fachbereich Wirtschaftwissenschaften, Universitaet Osnabrueck)

  • Elke Renner

    () (School of Economics, University of Nottingham)

Abstract

We use an experimental lottery choice task and public goods game to examine if responsibility for the financial welfare of others affects decisionmaking behaviour in two different types of decision environments. We find no evidence that responsibility affects individual risk preferences. Responsibility does, however, crowd-out cooperation in a public goods game.

Suggested Citation

  • Steven J. Humphrey & Elke Renner, 2011. "The social costs of responsibility," Discussion Papers 2011-02, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
  • Handle: RePEc:cdx:dpaper:2011-02
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    File URL: http://www.nottingham.ac.uk/cedex/documents/papers/2011-02.pdf
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Families against the Big Society
      by chris dillow in Stumbling and Mumbling on 2011-03-08 19:33:49

    Citations

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    Cited by:

    1. Hauge, Karen Evelyn & R√łgeberg, Ole, 2014. "Contributing to Public Goods as Individuals versus Group Representatives: Evidence of Gender Differences," Memorandum 16/2014, Oslo University, Department of Economics.
    2. Bixter, Michael T. & Luhmann, Christian C., 2014. "Shared losses reduce sensitivity to risk: A laboratory study of moral hazard," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 63-73.
    3. repec:eee:joepsy:v:62:y:2017:i:c:p:87-97 is not listed on IDEAS

    More about this item

    Keywords

    responsibility; risk attitudes; social preferences; public goods game;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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