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Delayed risk in individual and social decisions [dataset]

This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshots than for safer lot...

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Bibliographic Details
Main Authors: Özgümüs, Asri (Author) , Rau, Holger A. (Author) , Trautmann, Stefan T. (Author)
Format: Database Research Data
Language:English
Published: Heidelberg Universität 2023-08-09
DOI:10.11588/data/QGKGSN
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Online Access:Verlag, kostenfrei, Volltext: https://doi.org/10.11588/data/QGKGSN
Verlag, kostenfrei, Volltext: https://heidata.uni-heidelberg.de/dataset.xhtml?persistentId=doi:10.11588/data/QGKGSN
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Author Notes:Asri Özgümüs, Holger A. Rau, Stefan T. Trautmann
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Summary:This paper studies temporal-distance effects on individual and social risks, testing Construal Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing (immediately vs. in two weeks) when the uncertainty is resolved. Subjects have lower WTPs for longshots than for safer lotteries. Under ambiguity, this gap decreases with temporal distance. Subjects are ambiguity averse, which becomes less pronounced when low probability lotteries are processed in the future. In a trust game, we study temporal-distance effects on social risks. Time distance lowers trust as trustors correctly anticipate that reciprocity is lower when trustees decide in the future.
Item Description:Gesehen am 10.08.2023
Physical Description:Online Resource
DOI:10.11588/data/QGKGSN

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