Bohnet, Iris; Greig, Fiona; Herrmann, Benedikt; … - In: American Economic Review 98 (2008) 1, pp. 294-310
Due to betrayal aversion, people take risks less willingly when the agent of uncertainty is another person rather than nature. Individuals in six countries (Brazil, China, Oman, Switzerland, Turkey, and the United States) confronted a binary-choice trust game or a risky decision offering the...