EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie >

Please use this identifier to cite or link to this item:
Title:Dictating the Risks - Experimental Evidence on Norms of Giving in Risky Environments PDF Logo
Authors:Lange, Andreas
Brock, J. Michelle
Ozbay, Erkut Y.
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Social Preferences E13-V1
Abstract:We study if and how social preferences extend to risky environments. By providing experimental evidence on different versions of dictator games with risky outcomes, we establish that social preferences of players who give in standard dictator games are best described by concerns for the distribution of ex ante chances to win rather than considerations of ex post payoff distributions. We find that the propensity to give in a standard dictator-game serves as a good predictor for behavior in risky situations: those who transfer more money in the dictator game are more likely to equalize the ex ante situation, i.e. payoff chances in other games. We further find that decision-makers give up less income than in the standard dictator game when giving increases only the chances of the recipient to gain income rather than increasing the recipient's income for sure. Our results thereby shed important light on how existing theories of social preferences can extend to a risky environment.
Subjects:dictator game
social preferences
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

Files in This Item:
File Description SizeFormat
VfS_2010_pid_425.pdf147.85 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.