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Project Citation: 

Bohnet, Iris, Greig, Fiona, Herrmann, Benedikt, and Zeckhauser, Richard. Replication data for: Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113229V1

Project Description

Summary:  View help for Summary Due to betrayal aversion, people take risks less willingly when the agent of uncertainty is another person rather than nature. Individuals in six countries (Brazil, China, Oman, Switzerland, Turkey, and the United States) confronted a binary-choice trust game or a risky decision offering the same payoffs and probabilities. Risk acceptance was calibrated by asking individuals their "minimum acceptable probability" (MAP) for securing the high payoff that would make them willing to accept the risky rather than the sure payoff. People's MAPs are generally higher when another person, rather than nature, determines the outcome. This indicates betrayal aversion. (JEL C72, D81, Z13)

Scope of Project

JEL Classification:  View help for JEL Classification
      C72 Noncooperative Games
      D81 Criteria for Decision-Making under Risk and Uncertainty
      Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification


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