Testing the causes of betrayal aversion

Autor(en): Humphrey, Steven J.
Mondorf, Stefan
Stichwörter: Betrayal-aversion; Business & Economics; Decision rights; Economics; Gender effects; LOCUS; Loss-aversion; RISK; Risky dictator game; Risky dis-coordination game; TRUST; Trust game
Erscheinungsdatum: 2021
Volumen: 198
Betrayal-aversion is the observation that decision-makers in a trust situation are more averse to uncertainty when it derives from the unknown behavior of others than when it derives from nature. This effect has been attributed to the anticipated disutility of discovering that trust placed in another person has been betrayed. We report new experimental results which suggest a different interpretation of some of the extant data. We observe that a role is played by the reluctance to give-up decision rights to another person, even when that person cannot deliberately betray their trustor. We find treatment effects only for males. Loss-aversion does not explain our data. (C) 2020 Elsevier B.V. All rights reserved.
ISSN: 01651765
DOI: 10.1016/j.econlet.2020.109663

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