Relative deprivation as a cause of risky behaviors

DSpace Repository

Show simple item record

dc.contributor.author Stark, Oded
dc.date.accessioned 2019-11-12T08:26:10Z
dc.date.available 2019-11-12T08:26:10Z
dc.date.issued 2019-11-12
dc.identifier.other 168164758 de_DE
dc.identifier.uri http://hdl.handle.net/10900/94586
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-945860 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-35970
dc.description.abstract Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and economists. We obtain two results: (1) Holding individual i’s wealth and his rank in the wealth distribution constant, the individual’s relative risk aversion decreases when he becomes more relatively deprived as a result of an increase in the average wealth of the individuals who are wealthier than he is. (2) If relative deprivation enters the individual’s utility function approximately linearly then, holding constant individual i’s wealth and the average wealth of the individuals who are wealthier than he is, the individual’s relative risk aversion decreases when he becomes more relatively deprived as a result of a decline in his rank. Our findings provide a theoretical support for evidence about the propensity of relatively deprived individuals to gamble and resort to other risky behaviors. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Wohlstand , Mangel , Risikoverhalten de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Social preferences en
dc.subject.other Relative deprivation en
dc.subject.other Concern about low relative wealth en
dc.subject.other Risk aversion en
dc.title Relative deprivation as a cause of risky behaviors en
dc.type Aufsatz de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; No. 125 de_DE

Dateien:

This item appears in the following Collection(s)

Show simple item record