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Is allocation affected by the perception of others' irresponsible behavior and by ambiguity?

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Safra, Zvi, Ma, Sinong and Melkonyan, Tigran A. (2019) Is allocation affected by the perception of others' irresponsible behavior and by ambiguity? Risk Analysis, 39 (10). pp. 2182-2196. doi:10.1111/risa.13319 ISSN 0272-4332.

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Official URL: http://doi.org/10.1111/risa.13319

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Abstract

The article examines how the perception of others' irresponsible behavior and ambiguity regarding probabilities affect allocation among potential beneficiaries. To elicit these views, we conducted a survey where the participants were first asked to make an allocation of a fixed sum of money between a hereditary cancer, where chance plays a central role, and a lifestyle‐related cancer, where individual lifestyle decisions are more important. Our estimation results show that a substantial share of the respondents allocate significantly more to the hereditary cancer. This may indicate that these respondents care about others' irresponsible behavior. Then, we elicited perceptions of cancer hazards in the form of imprecise probabilities and examined the interplay between allocating behavior and risk perceptions. Finally, we investigated the effects of various socioeconomic characteristics, and of awareness of highly publicized cancer cases, on respondents' allocations.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
R Medicine > RC Internal medicine
Divisions: Faculty of Social Sciences > Warwick Business School > Behavioural Science
Faculty of Social Sciences > Warwick Business School
Faculty of Science, Engineering and Medicine > Engineering > WMG (Formerly the Warwick Manufacturing Group)
Library of Congress Subject Headings (LCSH): Persons -- Charitable contributions -- Psychological aspects, Cancer -- Risk factors
Journal or Publication Title: Risk Analysis
Publisher: Wiley-Blackwell Publishing Ltd.
ISSN: 0272-4332
Official Date: 29 April 2019
Dates:
DateEvent
29 April 2019Available
9 March 2019Accepted
Volume: 39
Number: 10
Page Range: pp. 2182-2196
DOI: 10.1111/risa.13319
Status: Peer Reviewed
Publication Status: Published
Reuse Statement (publisher, data, author rights): This is the peer reviewed version of the following article:Safra, Z. , Ma, S. and Melkonyan, T. (2019), Is Allocation Affected by the Perception of Others' Irresponsible Behavior and by Ambiguity?. Risk Analysis. which has been published in final form at https://doi.org/10.1111/risa.13319 This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.
Access rights to Published version: Restricted or Subscription Access
Date of first compliant deposit: 12 March 2019
Date of first compliant Open Access: 29 April 2021
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