Quotation Polipciuc, Maria-Eugenia, Strobel, Martin. 2022. Testing the Elicitation Procedure of the Minimum Acceptable Probability. 14th Maastricht Behavioral and Experimental Economics Symposium, Maastricht, Netherlands, 07.06.-08.06.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Testing the Elicitation Procedure of the Minimum Acceptable Probability
Event 14th Maastricht Behavioral and Experimental Economics Symposium
Year 2022
Date 07.06.-08.06.
Country Netherlands
Location Maastricht
URL https://researchers-sbe.unimaas.nl/m-bees/
JEL C99;D81

Associations

People
Polipciuc, Maria-Eugenia (Details)
External
Strobel, Martin (Maastricht University, Netherlands)
Organization
Institute for Markets and Strategy IN (Details)
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