Risk Aversion and Probabilistic Punishment

dc.contributor.advisorAimone, Jason
dc.contributor.authorShort, Amanda
dc.contributor.departmentEconomics.en_US
dc.contributor.schoolsHonors College.en_US
dc.date.accessioned2017-05-23T20:13:24Z
dc.date.available2017-05-23T20:13:24Z
dc.date.copyright2017
dc.date.issued2017-05-23
dc.description.abstractThis paper studies the intersection between risk aversion and willingness to punish in an experimental Voluntary Contributions Mechanism (VCM) game. The analysis focuses on the differences between high and low risk averse subjects and how they respond to varying uncertainties of proposed punishment being carried out. Both selfish and altruistic punishment will be studied in this context. I find that subjects are more willing to incur the cost to punish in a selfish setting than an altruistic one, and that there is a significant relationship between high risk aversion and probability of punishment. People that are more risk averse are willing to punish greater amounts only when there is greater certainty attached to the situation. I do not, however, find supporting evidence that high and low risk averse people act differently with respect to uncertain punishment itself.en_US
dc.identifier.urihttp://hdl.handle.net/2104/9940
dc.language.isoen_USen_US
dc.rightsBaylor University projects are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. Contact libraryquestions@baylor.edu for inquiries about permission.en_US
dc.rights.accessrightsWorldwide access.en_US
dc.rights.accessrightsAccess changed 8/20/19.
dc.subjectRisk aversion.en_US
dc.subjectPunishment.en_US
dc.subjectPublic goods game.en_US
dc.subjectBehavioral economics.en_US
dc.subjectUncertainty.en_US
dc.titleRisk Aversion and Probabilistic Punishmenten_US
dc.typeThesisen_US

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