literature to the literature on social preferences. Following Andersen et al. (2008), we design a laboratory experiment to … jointly elicit risk preferences and preferences for altruism. Consistent with theory, we find that the standard simplifying … assumptions about risk preferences lead to significantly biased estimates of altruism. This is particularly problematic when …

The purpose of this study was to determine whether attitudes toward risk and altruism are affected by being in a group … subjects in our experiment were only requested to show their faces to the other members, without further communication …