American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States: Comment
American Economic Review
vol. 100,
no. 1, March 2010
(pp. 628–33)
Abstract
In a series of binary choice problems, we investigate how a chooser's risk taking changes when others share in their personal risk, either equally or unequally. We find that when the safe option yields inequality, the risky option is taken significantly more often. On the other hand, the inequality resulting from the risky choice does not affect risk taking. We also find that choosers tend to be less risk-averse in a one-person context compared to when the risk also affects the payoff of another. (C72, D81, Z13)Citation
Bolton, Gary E., and Axel Ockenfels. 2010. "Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States: Comment." American Economic Review, 100 (1): 628–33. DOI: 10.1257/aer.100.1.628Additional Materials
JEL Classification
- C72 Noncooperative Games
- D81 Criteria for Decision-Making under Risk and Uncertainty
- Z13 Economic Sociology; Economic Anthropology; Social and Economic Stratification