Testing the Elicitation Procedure of the Minimum Acceptable Probability

Beschreibung

Betrayal aversion has been shown to be an important determinant of trust (Bohnet and Zeckhauser, 2004). We study whether the way betrayal aversion is identified (as a difference in Minimum Acceptable Probabilities, MAPs) is affected by beliefs about one’s prospects.

In a within-subject design, we find that MAPs are lower the worse the prospects one faces. This is similar to the distributional dependence of valuations elicited using the Becker–DeGroot–Marschak mechanism, of which MAPs are a special case. Our results suggest that distributional dependence should be accounted for when eliciting MAPs to isolate betrayal aversion.

Zeitraum	7 Juni 2022 → 8 Juni 2022
Ereignistitel	14th Maastricht Behavioral and Experimental Economics Symposium
Veranstaltungstyp	Keine Angaben
Bekanntheitsgrad	International