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The effect of identifiability on the relationship between risk attitudes and other-regarding concerns

  • Anastasios Koukoumelis

    (Max Planck Institute of Economics, Strategic Interaction Group, Jena)

  • M. Vittoria Levati

    (Max Planck Institute of Economics, Strategic Interaction Group, Jena, and DSE, University of Verona)

  • Matteo Ploner

    (Department of Economics, University of Trento)

Previous studies have shown that other-regarding concerns are weakened under risky situations. Daily experience also suggests that people care more about an identifiable than about an unidentifiable third person. We report on an experiment designed to explore whether rendering the other identifiable-via a speechless video and the revelation of personal information-affects the relationship between other-regarding concerns and risk preferences when there is risk to one's own and/or the other's payoff. We find that the acquisition of information about the other has no effect on behavior. Regardless of the treatment, most of the participants are other-regarding with respect to expected payoff but self-oriented with respect to risk allocation.

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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2013-028.

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Date of creation: 01 Jul 2013
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Handle: RePEc:jrp:jrpwrp:2013-028
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