I can take the risk, but you should be safe: Self-other differences in situations involving physical safety
Journal Title: Judgment and Decision Making - Year 2013, Vol 8, Issue 3
Abstract
Prior research on self-other differences involving risk have found that individuals make riskier decisions for others than for the self in situations where risk taking is valued. We expand this research by examining whether the direction of self-other differences reverses when risk aversion is valued, as predicted by social values theory (Stone & Allgaier, 2008). Two studies tested for self-other differences in physical safety scenarios, a domain where risk aversion is valued. In Study 1, participants read physical safety and romantic relationship scenarios and selected what they would decide for themselves, what they would decide for a friend, or what they would predict their friend would decide. In Study 2, participants read public health scenarios and either decided or predicted for themselves and for a friend. In keeping with social values theory, participants made more risk-averse decisions for others than for themselves in situations where risk aversion is valued (physical safety scenarios) but more risk-taking decisions for others than for themselves in situations where risk taking is valued (relationship scenarios). Further, we show that these self-other differences in decision making do not arise from incorrectly predicting others’ behaviors, as participants predicted that others’ decisions regarding physical safety scenarios would be either similar (Experiment 1) or more risk taking (Experiment 2) than their own decisions.
Authors and Affiliations
Eric R. Stone, YoonSun Choi, Wandi Bruine de Bruin and David R. Mandel
Keywords
Related Articles
- EP ID EP678057
- DOI -
- Views 144
- Downloads 0
Comparative evaluation of the forecast accuracy of analysis reports and a prediction market
This paper summarizes an empirical comparison of the accuracy of forecasts included in analysis reports developed by professional intelligence analysts to comparable forecasts in a prediction market that has broad partic...
Bayesian analysis of deterministic and stochastic prisoner’s dilemma games
This paper compares the behavior of individuals playing a classic two-person deterministic prisoner’s dilemma (PD) game with choice data obtained from repeated interdependent security prisoner’s dilemma games with varyin...
The limited value of precise tests of the recognition heuristic
The recognition heuristic models the adaptive use and dominant role of recognition knowledge in judgment under uncertainty. Of the several predictions that the heuristic makes, empirical tests have predominantly focused...
What might judgment and decision making research be like if we took a Bayesian approach to hypothesis testing?
Judgment and decision making research overwhelmingly uses null hypothesis significance testing as the basis for statistical inference. This article examines an alternative, Bayesian approach which emphasizes the choice b...
The power of moral words: Loaded language generates framing effects in the extreme dictator game
Understanding whether preferences are sensitive to the frame has been a major topic of debate in the last decades. For example, several works have explored whether the dictator game in the give frame gives rise to a diff...