Using Pandemic Behavior to Test the External Validity of Laboratory Measurements of Risk Aversion and Guilt

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 Ap...

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Detalles Bibliográficos
Autores principales: Collier, Trevor, Cotten, Stephen, Roush, Justin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Published by Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9458551/
https://www.ncbi.nlm.nih.gov/pubmed/36101558
http://dx.doi.org/10.1016/j.socec.2022.101938
Descripción
Sumario: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.

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