@article{cd0b13da7a834aadb460754ff85fe6bb,
title = "How do risk attitudes affect pro-social behavior? Theory and experiment",
abstract = "We explore how risk preferences affect pro-social behavior under uncertainty. We analyze a modified dictator game in which the dictator can, by reducing her own sure payoff, increase the odds that an unknown recipient wins a lottery. We first augment a standard social preferences model with reference-dependent risk attitudes and then test the model{\textquoteright}s predictions for the dictator{\textquoteright}s giving behavior using a laboratory experiment. Consistent with the predictions of the model, we find that the relationship between giving behavior and a giver{\textquoteright}s loss aversion is mediated by the strength of the giver{\textquoteright}s pro-social preferences. Among more (less) pro-social dictators, an increase in loss aversion increases (decreases) the likelihood that a dictator contributes to a recipient.",
author = "Sean Fahle and Sautua, {Santiago I.}",
note = "Funding Information: We thank Greg Sacks for insightful conversations at the beginning of this project, and an associate editor, two anonymous referees, Ori Heffetz, Ted O{\textquoteright}Donoghue, Erkut Ozbay, Guillem Roig, Chad Stecher, and Kyle Woodward for helpful comments and suggestions. We also thank the audiences at the 2017 ESA World Meeting, the Experimental and Behavioral Economics Workshop at Universidad del Rosario, the Bogot{\'a} Experimental and Behavioral Economics Seminar (BEBES), Universidad Nacional de Colombia, Universidad de los Andes, and Cornell University for their feedback. Laura Correa provided excellent research assistance. For valuable assistance in the laboratory sessions, we also thank Laura Becerra and Yuliet Verbel. Sautua thanks Universidad del Rosario for financial support. Fahle acknowledges funding from the Alfred P. Sloan Foundation (Grant G-2015-14131). Publisher Copyright: {\textcopyright} 2020, Springer Science+Business Media, LLC, part of Springer Nature. Copyright: Copyright 2020 Elsevier B.V., All rights reserved.",
year = "2020",
doi = "10.1007/s11238-020-09788-8",
language = "English (US)",
journal = "Theory and Decision",
issn = "0040-5833",
publisher = "Springer Netherlands",
}