Preferences over social risk
通过实验室实验,研究个体在社会风险下的偏好,发现当不了解他人风险偏好时,社会风险偏好与个人风险态度高度一致;但了解他人偏好后,个体会显著更厌恶风险。
We elicit individual preferences over social risk. We identify the extent to which these preferences are correlated with preferences over individual risk and the well-being of others. We examine these preferences in the context of laboratory experiments over small, anonymous groups, although the methodological issues extend to larger groups that form endogenously (e.g., families, committees, communities). Preferences over social risk can be closely approximated by individual risk attitudes when subjects have no information about the risk preferences of other group members. We find no evidence that subjects systematically reveal different risk attitudes in a social setting with no prior knowledge about the risk preferences of others compared to when they solely bear the consequences of the decision. However, we also find that subjects are significantly more risk averse when they know the risk preferences of other group members. Copyright 2013 Oxford University Press 2012 All rights reserved, Oxford University Press.