Dictating the Risk: Experimental Evidence on Giving in Risky Environments: Comment
American Economic Review
vol. 106,
no. 3, March 2016
(pp. 836-39)
Abstract
Based on experimental dictator games with probabilistic prospects, Brock, Lange, and Ozbay (2013) conclude that neither ex post nor ex ante comparisons can fully account for observed behavior. We argue that their conclusion that ex ante comparisons cannot explain the data is at best weakly supported by their results, and do so on three grounds: (i ) the absence of significant differences between the most relevant treatments, (ii ) the implicit assumption of subjects' risk neutrality, and (iii ) the asymmetry of treatments regarding the disclosure of dictators' choice. (JEL C72, D63, D64, D81)Citation
Krawczyk, Michal, and Fabrice Le Lec. 2016. "Dictating the Risk: Experimental Evidence on Giving in Risky Environments: Comment." American Economic Review, 106 (3): 836-39. DOI: 10.1257/aer.20130779Additional Materials
JEL Classification
- C72 Noncooperative Games
- D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D64 Altruism; Philanthropy; Intergenerational Transfers
- D81 Criteria for Decision-Making under Risk and Uncertainty