CeDEx
Centre for Decision Research and Experimental Economics
   
   
  

CeDEx 2011-02: The Social Costs of Responsibility

Abstract

We use an experimental lottery choice task and public goods game to examine if responsibility for the financial welfare of others affects decision making behaviour in two different types of decision environments. We find no evidence that responsibility affects individual risk preferences. Responsibility does, however, crowd-out cooperation in a public goods game.

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Authors

Steven J. Humphrey and Elke Renner

 

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Posted on Tuesday 1st February 2011

Centre for Decision Research and Experimental Economics

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University of Nottingham
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