Using pandemic behavior to test the external validity of laboratory measurements of risk aversion and guilt

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2022
Volume: 101
Issue: C

Score contribution per author:

0.673 = (α=2.02 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We test whether laboratory measures of individual preferences for risk and guilt relate to risk-connected behaviors in a pandemic, such as socializing, dining in at restaurants, and hand washing. We utilize a survey administrated to a nationally representative subject pool in the United States in April, 2020 - the month following the declaration of a national state of emergency in response to the global outbreak of COVID-19. We find that higher levels of risk aversion are associated with risk-reducing behaviors during the COVID-19 pandemic. Meanwhile, we do not find strong evidence that guilt relates to the same behavior.

Technical Details

RePEc Handle
repec:eee:soceco:v:101:y:2022:i:c:s2214804322001094
Journal Field
Experimental
Author Count
3
Added to Database
2026-01-25