Alexandros Karakostas, Giles Morgan, Daniel John Zizzo
{"title":"Socially interdependent risk taking.","authors":"Alexandros Karakostas, Giles Morgan, Daniel John Zizzo","doi":"10.1007/s11238-023-09927-x","DOIUrl":"10.1007/s11238-023-09927-x","url":null,"abstract":"<p><p>We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers' previous risk taking decisions. Subjects are asked how much of their endowment they wish to allocate in a lottery in which there is a 50% chance the amount they invest will be tripled and a 50% chance their investment will be lost. We use a 2 × 2 factorial design varying: (i) whether the subjects initially observed high or low investment social anchors, (ii) whether information about the investment decisions of other subjects in their social group is provided. We find strong evidence that individuals' risk taking decisions are malleable to that of their peers, which in turn leads to social clustering of risk taking. Social anchors shape initial risk taking, with mean investment then converging to a high level across treatments.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11238-023-09927-x.</p>","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":" ","pages":"1-14"},"PeriodicalIF":0.9,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10116893/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9770957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Axiomatic characterizations of the constrained probabilistic serial mechanism","authors":"Mustafa Oǧuz Afacan","doi":"10.1007/s11238-023-09925-z","DOIUrl":"https://doi.org/10.1007/s11238-023-09925-z","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"465 - 484"},"PeriodicalIF":0.8,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44617730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Games with possibly naive present-biased players","authors":"M. Haan, D. Hauck","doi":"10.1007/s11238-023-09924-0","DOIUrl":"https://doi.org/10.1007/s11238-023-09924-0","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"1 1","pages":"1-31"},"PeriodicalIF":0.8,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47904738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Care and anger motives in social dilemmas","authors":"P. Ring, Christoph A. Schütt, D. Snower","doi":"10.1007/s11238-022-09921-9","DOIUrl":"https://doi.org/10.1007/s11238-022-09921-9","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"1 1","pages":"1-36"},"PeriodicalIF":0.8,"publicationDate":"2023-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42664805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Social evaluation functionals with an arbitrary set of alternatives","authors":"J. Candeal","doi":"10.1007/s11238-022-09923-7","DOIUrl":"https://doi.org/10.1007/s11238-022-09923-7","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"1 1","pages":"1-17"},"PeriodicalIF":0.8,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44563258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rationalizable behavior in the Hotelling–Downs model of spatial competition","authors":"Joep Sloun","doi":"10.1007/s11238-022-09922-8","DOIUrl":"https://doi.org/10.1007/s11238-022-09922-8","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"1 1","pages":"1-27"},"PeriodicalIF":0.8,"publicationDate":"2023-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46423746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the predictions of cumulative prospect theory for third and fourth order risk preferences","authors":"I. Paya, D. Peel, Konstantinos Georgalos","doi":"10.1007/s11238-022-09920-w","DOIUrl":"https://doi.org/10.1007/s11238-022-09920-w","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"337 - 359"},"PeriodicalIF":0.8,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42179291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Possibilistic beliefs in strategic games","authors":"Jaeok Park, Doo Hyung Yun","doi":"10.1007/s11238-022-09919-3","DOIUrl":"https://doi.org/10.1007/s11238-022-09919-3","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"205 - 228"},"PeriodicalIF":0.8,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41406818","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Timescale standard to discriminate between hyperbolic and exponential discounting and construction of a nonadditive discounting model","authors":"Y. Matsushita","doi":"10.1007/s11238-022-09916-6","DOIUrl":"https://doi.org/10.1007/s11238-022-09916-6","url":null,"abstract":"","PeriodicalId":47535,"journal":{"name":"Theory and Decision","volume":"95 1","pages":"33 - 54"},"PeriodicalIF":0.8,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46623218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}