Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/267296 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 10063
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We examine the risky choices of pairs of contestants in a popular radio game show in France. At one point during the COVID-19 pandemic the show, held in person, had to switch to an all-remote format. We find that such an exogenous change in social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh. This behavioral difference is consistent with prosocial behavior theories, which argue that the nature of social interactions influences risky choices. Our results suggest that working from home may reduce participation in profitable but risky team projects.
Subjects: 
COVID-19
social distancing
social pressure
decision making
risk
JEL: 
C93
D81
D91
Document Type: 
Working Paper
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