Conflicting risk attitudes

Lahno, Amrei, Serra-Garcia, Marta, D'Exelle, Ben ORCID: and Verschoor, Arjan (2015) Conflicting risk attitudes. Journal of Economic Behavior and Organization, 118. 136–149. ISSN 0167-2681

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This paper examines whether differences in individual risk attitudes are related to interpersonal conflict. In more than thirty villages of rural Uganda, we conduct a social survey to document social links between pairs of individuals within a village, and separately elicit individual risk attitudes using an incentivized task. Our findings reveal that the difference in risk attitudes between two individuals is significantly and positively related to the presence of interpersonal conflict between them. This relationship is particularly strong among kin. By contrast, the strength of risk aversion per se is not related to conflict. Further, we conduct simulations that suggest that the relationship cannot be solely explained by diverging attitudes after the severing of social ties as a result of interpersonal conflict.

Item Type: Article
Additional Information: Published under a Creative Commons Attribution 4.0 International licence.
Uncontrolled Keywords: decision making under risk,networks,conflicts,development economics,experiment,survey
Faculty \ School: Faculty of Social Sciences > School of International Development
Depositing User: Pure Connector
Date Deposited: 23 Oct 2015 15:01
Last Modified: 19 Apr 2023 00:33
DOI: 10.1016/j.jebo.2015.03.003

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