%0 Generic
%A Diekert, Florian
%A Goeschl, Timo
%A König-Kersting, Christian
%C Heidelberg
%D 2021
%F heidok:30309
%K social risk, risk experience, decision-making under risk
%R 10.11588/heidok.00030309
%T Social Risk Effects: The 'Experience of Social Risk' Factor
%U https://archiv.ub.uni-heidelberg.de/volltextserver/30309/
%V 0704
%X Anticipating "social risk", or risk caused by humans, affects decision-making differently from anticipating natural risk. Drawing upon a large sample of the US population (n=3,982), we show that the phenomenon generalizes to risk experience. Experiencing adverse outcomes caused by another human reduces future risk-taking, but experiencing the same outcome caused by nature does not. While puzzling from a consequentialist perspective, the Experience of Social Risk Factor that we identify deepens our understanding of decision-making in settings in which outcomes are co-determined by different sources of uncertainty. Our findings imply that a unifying theory of social risk effects requires new explanations.