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The Betrayal Aversion Elicitation Task: An Individual Level Betrayal Aversion Measure.

Aimone J, Ball S, King-Casas B - PLoS ONE (2015)

Bottom Line: This paper develops a new task to elicit an individual's level of betrayal aversion that can then be compared to individual characteristics.We demonstrate the feasibility of our new task and show that our aggregate individual results are consistent with previous studies.While we find risk aversion and betrayal aversion have no significant relationship, we do observe that risk aversion is correlated with non-social risk preferences, but not the social, betrayal related, risk component of the new task.

View Article: PubMed Central - PubMed

Affiliation: Department of Economics, Hankamer School of Business, Baylor University, Waco, Texas, United States of America; Virginia Tech Carilion Research Institute, Virginia Tech, Roanoke, Virginia, United States of America.

ABSTRACT
Research on betrayal aversion shows that individuals' response to risk depends not only on probabilities and payoffs, but also on whether the risk includes a betrayal of trust. While previous studies focus on measuring aggregate levels of betrayal aversion, the connection between an individual's own betrayal aversion and other individually varying factors, including risk preferences, are currently unexplored. This paper develops a new task to elicit an individual's level of betrayal aversion that can then be compared to individual characteristics. We demonstrate the feasibility of our new task and show that our aggregate individual results are consistent with previous studies. We then use this classification to ask whether betrayal aversion is correlated with risk aversion. While we find risk aversion and betrayal aversion have no significant relationship, we do observe that risk aversion is correlated with non-social risk preferences, but not the social, betrayal related, risk component of the new task.

No MeSH data available.


Bars reflect average risk choice (and standard error) by betrayal aversion type.Betrayal Seekers (BS) are those participants who required a premium to take the risk when nature chose the outcome (MAPti < MAPri). Betrayal Averse (BA) participants are those who required a premium to trust when their trustee chose the outcome (MAPti > MAPri). Betrayal Neutral (BN) participants are those who reported identical willingness to take risk whether nature or a trustee chose the outcome (MAPti = MAPri).
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pone.0137491.g004: Bars reflect average risk choice (and standard error) by betrayal aversion type.Betrayal Seekers (BS) are those participants who required a premium to take the risk when nature chose the outcome (MAPti < MAPri). Betrayal Averse (BA) participants are those who required a premium to trust when their trustee chose the outcome (MAPti > MAPri). Betrayal Neutral (BN) participants are those who reported identical willingness to take risk whether nature or a trustee chose the outcome (MAPti = MAPri).

Mentions: Examining the relationship between BA and EG, we observe, in our sample, that knowing one is betrayal averse reveals nothing about EG risk choice (two-tailed Mann-Whitney, p = 0.518; or OLS, p = 0.634) just as knowing ones EG risk preferences cannot tell us whether a subject is betrayal averse (logit, p = 0.619). Fig 4 illustrates these results in more detail by plotting subjects risk choices against their betrayal aversion type.


The Betrayal Aversion Elicitation Task: An Individual Level Betrayal Aversion Measure.

Aimone J, Ball S, King-Casas B - PLoS ONE (2015)

Bars reflect average risk choice (and standard error) by betrayal aversion type.Betrayal Seekers (BS) are those participants who required a premium to take the risk when nature chose the outcome (MAPti < MAPri). Betrayal Averse (BA) participants are those who required a premium to trust when their trustee chose the outcome (MAPti > MAPri). Betrayal Neutral (BN) participants are those who reported identical willingness to take risk whether nature or a trustee chose the outcome (MAPti = MAPri).
© Copyright Policy
Related In: Results  -  Collection

License
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getmorefigures.php?uid=PMC4557997&req=5

pone.0137491.g004: Bars reflect average risk choice (and standard error) by betrayal aversion type.Betrayal Seekers (BS) are those participants who required a premium to take the risk when nature chose the outcome (MAPti < MAPri). Betrayal Averse (BA) participants are those who required a premium to trust when their trustee chose the outcome (MAPti > MAPri). Betrayal Neutral (BN) participants are those who reported identical willingness to take risk whether nature or a trustee chose the outcome (MAPti = MAPri).
Mentions: Examining the relationship between BA and EG, we observe, in our sample, that knowing one is betrayal averse reveals nothing about EG risk choice (two-tailed Mann-Whitney, p = 0.518; or OLS, p = 0.634) just as knowing ones EG risk preferences cannot tell us whether a subject is betrayal averse (logit, p = 0.619). Fig 4 illustrates these results in more detail by plotting subjects risk choices against their betrayal aversion type.

Bottom Line: This paper develops a new task to elicit an individual's level of betrayal aversion that can then be compared to individual characteristics.We demonstrate the feasibility of our new task and show that our aggregate individual results are consistent with previous studies.While we find risk aversion and betrayal aversion have no significant relationship, we do observe that risk aversion is correlated with non-social risk preferences, but not the social, betrayal related, risk component of the new task.

View Article: PubMed Central - PubMed

Affiliation: Department of Economics, Hankamer School of Business, Baylor University, Waco, Texas, United States of America; Virginia Tech Carilion Research Institute, Virginia Tech, Roanoke, Virginia, United States of America.

ABSTRACT
Research on betrayal aversion shows that individuals' response to risk depends not only on probabilities and payoffs, but also on whether the risk includes a betrayal of trust. While previous studies focus on measuring aggregate levels of betrayal aversion, the connection between an individual's own betrayal aversion and other individually varying factors, including risk preferences, are currently unexplored. This paper develops a new task to elicit an individual's level of betrayal aversion that can then be compared to individual characteristics. We demonstrate the feasibility of our new task and show that our aggregate individual results are consistent with previous studies. We then use this classification to ask whether betrayal aversion is correlated with risk aversion. While we find risk aversion and betrayal aversion have no significant relationship, we do observe that risk aversion is correlated with non-social risk preferences, but not the social, betrayal related, risk component of the new task.

No MeSH data available.