On preventive behavior – An experimental invesigation on self-protection

Le Lec, Fabrice; Lenglin, Vincent

Type de document :

Autre communication scientifique (congrès sans actes - poster - séminaire...): Communication dans un congrès avec actes

Titre :

On preventive behavior – An experimental invesigation on self-protection

Auteur(s) :

Le Lec, Fabrice [Auteur]
Université de Lille
Lille économie management - UMR 9221 [LEM]
Lenglin, Vincent [Auteur]
Laboratoire d'Anthropologie Expérimentale [ANTHROPO LAB]
Experience ; Technology & Human Interactions ; Care & Society : [ETHICS EA 7446]

Titre de la manifestation scientifique :

13th International Conference of the French Association of Experimental Economics (ASFEE)

Ville :

Montpellier

Pays :

France

Date de début de la manifestation scientifique :

2023-05-25

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

Preventive behavior in a sense of self-protection is defined as theaction taken by an agent, at a cost, to mitigate the probability of anadverse consequence. Yet, even though these behaviors arewidespread in economic life, ...
Lire la suite >Preventive behavior in a sense of self-protection is defined as theaction taken by an agent, at a cost, to mitigate the probability of anadverse consequence. Yet, even though these behaviors arewidespread in economic life, it has never been studied in acontrolled environment. We propose to do so by first clarifying thetheoretical predictions in various theoretical frameworks (expectedutility, rank-dependent utility, prospect theory), and second to testexperimentally these predictions. More specifically, we study thecost that makes the decision-maker indifferent with a fixed changeof the probability of the adverse consequence. At thetheoretical level, we show that under expected utility, the intensityof prevention action decreases with the probability of the adverseconsequence, while for rank-dependent expected utility andprospect theory, the main determinant of prevention is the derivativeof the probability weighting function, leading to a U shape form ofprevention. Experimentally, our results suggest that prevention ismostly driven by the shape of the probability weighting function, aresult that seemed to have been overlooked in the literature, thathas mostly focused on the curvature of the utility functionLire moins >

Langue :

Anglais

Comité de lecture :

Oui

Audience :

Internationale

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

On preventive behavior – An experimental ... BibTeX CSV Excel RIS

On preventive behavior – An experimental ...

BibTeX

CSV

Excel

RIS