Are Future Bureaucrats More Risk Averse? The Effect of Studying Public Administration and PSM on Risk Preferences
Bibliographic Data
| ID | 6294697 |
|---|---|
| Authors | Melissa Tepe (0000-0002-6679-0346, Carl von Ossietzky Universität Oldenburg, corresponding author), Markus Tepe, Christine Prokop (0000-0003-1337-5541, Carl von Ossietzky Universität Oldenburg) |
| Year | 2018 |
| Volume | 28 |
| Issue | 2 |
| Pages | 182-196 |
| Publication date | 2018-03-10 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Public Administration Research and Theory (JOURNAL) |
| Journal identifiers | ISSN: 1053-1858 • E-ISSN: 1477-9803 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/jopart/muy007 |
| OpenAlex | W2791397080 |
| Language | EN |
| Citations received | 18 |
| References cited | 82 |
This study tests the effect of studying public administration and self-reported Public Service Motivation (PSM) on risk preferences. We conduct a compound lottery choice experiment with monetary rewards to measure risk behavior and a post-experiment survey to measure risk attitudes and PSM on three student subject pools. Empirical findings suggest that: First, students of public administration consider themselves more risk averse, but they do not behave more risk averse in the compound lottery choice experiment than business sciences and law students. Second, self-reported PSM is positively associated with risk-averse behavior in the compound lottery choice experiment. Thus, contrary to the popular stereotypical description of bureaucratic behavior, there are no substantive differences in risk behavior among future bureaucrats compared to other student groups
Actuarial science · Bureaucracy · Economics · Expected utility hypothesis · Financial economics · Lottery · Measure (data warehouse · Microeconomics · Political science · Public economics · Public relations · Public sector · Public service · Public Service Motivation · Risk aversion (psychology · Survey data collection · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Experimental Behavioral Economics Studies · Psychology · Law · Social Psychology
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| Unique citing works | 18 |
|---|---|
| Citations per year | 2,57 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 17 |