Purpose This study aims to examine the effects of prior small-scale changes to wealth on subsequent risky choices. Design/methodology/approach The paper opted for a laboratory experiment in which subjects perform two sequences of risky tasks. In between these two sets, the author transfers money...

This paper investigates the efficacy of a punishment mechanism in promoting cooperative behaviour in a public goods game when punishment enforcement is risky. Experimental studies have found that a sanctioning system can induce individuals to adopt behaviour deemed socially acceptable in such...