Inequality and risk-taking behaviour

被引：7
|
作者：
Hopkins, Ed [1 ]
机构：
[1] Univ Edinburgh, Sch Econ, Edinburgh, Midlothian, Scotland
来源：
GAMES AND ECONOMIC BEHAVIOR | 2018年 / 107卷
关键词：
Risk preferences; Relative concerns; Tournaments; Inequality; CHOICE; TOURNAMENTS; ATTITUDES; WEALTH; INCOME; RANK;
D O I：
10.1016/j.geb.2017.11.007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates social influences on attitudes to risk and reanalyses how risk taking varies with relative position and inequality. Individuals with low initial wealth, about to participate in a tournament with richer opponents, may take fair gambles even though they are risk averse in both consumption and tournament rewards. It is shown that this risk taking decreases in the inequality of initial endowments, but in contrast it increases in the inequality of tournament rewards. (C) 2017 Elsevier Inc. All rights reserved.
引用
收藏
页码：316 / 328
页数：13
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