Ontology highlight
ABSTRACT:
SUBMITTER: Quercia S
PROVIDER: S-EPMC4924605 | biostudies-other | 2016 May
REPOSITORIES: biostudies-other
Journal of the Economic Science Association 20160111 1
Betrayal aversion has been operationalized as the evidence that subjects demand a higher risk premium to take social risks compared to natural risks. This evidence has been first shown by Bohnet and Zeckhauser (2004) using an adaptation of the Becker - DeGroot - Marschak mechanism (BDM, Becker et al. (1964)). We compare their implementation of the BDM mechanism with a new version designed to facilitate subjects' comprehension. We find that, although the two versions produce different distributio ...[more]