{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,6]],"date-time":"2026-03-06T00:35:28Z","timestamp":1772757328412,"version":"3.50.1"},"reference-count":15,"publisher":"Springer Science and Business Media LLC","issue":"3","license":[{"start":{"date-parts":[[2024,11,4]],"date-time":"2024-11-04T00:00:00Z","timestamp":1730678400000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"},{"start":{"date-parts":[[2024,11,4]],"date-time":"2024-11-04T00:00:00Z","timestamp":1730678400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"funder":[{"DOI":"10.13039\/501100008131","name":"Rheinische Friedrich-Wilhelms-Universit\u00e4t Bonn","doi-asserted-by":"crossref","id":[{"id":"10.13039\/501100008131","id-type":"DOI","asserted-by":"crossref"}]}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Soc Choice Welf"],"published-print":{"date-parts":[[2025,5]]},"abstract":"<jats:title>Abstract<\/jats:title>\n                  <jats:p>The purpose of this paper is to provide a general proposition of the relationship between altruism and risk taking. As explained in the body of the paper, we diverge from a result reported in Stark et\u00a0al. (2022) and provide an expansion and a generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an altruistic person who is an active donor (benefactor) and the risk aversion of a beneficiary of an altruistic transfer. In both cases, we find that altruism lowers risk aversion. The specific case in which the utility functions of the benefactor and of the beneficiary are constant relative risk aversion (CRRA) functions constitutes a vivid example of lesser risk aversion characterization. We conclude that in terms of risk-taking behavior, a \u201cpopulation\u201d endowed with altruism is uniformly more willing to take risks than a comparable \u201cpopulation\u201d devoid of altruism.<\/jats:p>","DOI":"10.1007\/s00355-024-01558-7","type":"journal-article","created":{"date-parts":[[2024,11,4]],"date-time":"2024-11-04T05:22:42Z","timestamp":1730697762000},"page":"373-392","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["Altruistic giving and risk taking in human affairs"],"prefix":"10.1007","volume":"64","author":[{"given":"Oded","family":"Stark","sequence":"first","affiliation":[]},{"given":"Lukasz","family":"Balbus","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2024,11,4]]},"reference":[{"key":"1558_CR1","volume-title":"Aspects of the Theory of Risk Bearing","author":"Kenneth J. Arrow","year":"1965","unstructured":"Arrow, Kenneth J. (1965). Aspects of the Theory of Risk Bearing. Helsinki: Yrj\u00f6 Jahnssonin S\u00e4\u00e4ti\u00f6."},{"issue":"5","key":"1558_CR2","first-page":"1034","volume":"78","author":"B. Douglas Bernheim","year":"1988","unstructured":"Bernheim, B. Douglas and Stark, Oded (1988). \u201cAltruism within the family reconsidered: Do nice guys finish last?\u201d American Economic Review 78(5): 1034-1045.","journal-title":"American Economic Review"},{"issue":"3","key":"1558_CR3","doi-asserted-by":"publisher","first-page":"1488","DOI":"10.1093\/jeea\/jvaa031","volume":"19","author":"Renaud Bourl\u00e8s","year":"2021","unstructured":"Bourl\u00e8s, Renaud, Bramoull\u00e9, Yann, and Perez-Richet, Eduardo (2021). \u201cAltruism and risk sharing in networks.\u201d Journal of the European Economic Association 19(3): 1488-1521.","journal-title":"Journal of the European Economic Association"},{"key":"1558_CR4","volume-title":"Handbook of the Economics of Giving, Altruism and Reciprocity","year":"2006","unstructured":"Kolm, Serge-Christophe and Mercier Ythier, Jean (eds.) (2006). Handbook of the Economics of Giving, Altruism and Reciprocity. Amsterdam: North-Holland."},{"key":"1558_CR5","volume-title":"Altruism, Morality, and Economic Theory","year":"1975","unstructured":"Phelps, Edmund S. (ed.) (1975). Altruism, Morality, and Economic Theory. New York: Russell Sage Foundation."},{"issue":"1-2","key":"1558_CR6","doi-asserted-by":"publisher","first-page":"122","DOI":"10.2307\/1913738","volume":"32","author":"John W. Pratt","year":"1964","unstructured":"Pratt, John W. (1964). \u201cRisk aversion in the small and in the large.\u201d Econometrica 32(1-2): 122-136.","journal-title":"Econometrica"},{"key":"1558_CR7","volume-title":"Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups","author":"Oded Stark","year":"1999","unstructured":"Stark, Oded (1999). Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups. 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