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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Jena Economic Research Papers ; No. 2013-028

Classification and Topics

• Classification: Wirtschaft ; Design of Experiments: General ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Criteria for Decision-Making under Risk and Uncertainty
• Subject: identifiability ; other-regarding concerns ; risk attitudes

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Koukoumelis, Anastasios ; Levati, M. Vittoria ; Ploner, Matteo
• Event: Veröffentlichung
• (who): Friedrich Schiller University Jena and Max Planck Institute of Economics
• (where): Jena
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/85045
• Last update: 10.03.2025, 11:41 AM CET