Increased social distance makes people more risk-neutral

References

• Albrecht, K., Volz, K. G., Sutter, M., Laibson, D. I., & Von Cramon, D. Y. (2010). What is for me is not for you: Brain correlates of intertemporal choice for self and other. Social Cognitive and Affective Neuroscience, 6, 218–225. doi:10.1093/scan/nsq046
   PubMed Web of Science ®Google Scholar
• Alhakami, A. S., & Slovic, P. (1994). A psychological study of the inverse relationship between perceived risk and perceived benefit. Risk Analysis, 14(6), 1085–1096. doi:10.1111/risk.1994.14.issue-6
   PubMed Web of Science ®Google Scholar
• Aron, A., Aron, E. N., & Smollan, D. (1992). Inclusion of other in the self scale and the structure of interpersonal closeness. Journal of Personality and Social Psychology, 63, 596–612. doi:10.1037/0022-3514.63.4.596
   Web of Science ®Google Scholar
• Bogardus, E. S. (1925). Measuring social distance. Journal of Applied Sociology, 9, 299–308.
   Google Scholar
• Brandstätter, E., Kühberger, A., & Schneider, F. (2002). A cognitive-emotional account of the shape of the probability weighting function. Journal of Behavioral Decision Making, 15, 79–100. doi:10.1002/bdm.v15:2
   Web of Science ®Google Scholar
• Chang, C. C., Chuang, S. C., Cheng, Y. H., & Huang, T. Y. (2012). The compromise effect in choosing for others. Journal of Behavioral Decision Making, 25, 109–122. doi:10.1002/bdm.720
   Web of Science ®Google Scholar
• Duan, J., Liu, Y. F., & He, Q. (2012). The effects of decision makers’ roles and related variables on risk preferences. Acta Psychologica Sinica, 44, 369–376. doi:10.3724/SP.J.1041.2012.00369
   Google Scholar
• Fernandez-Duque, D., & Wifall, T. (2007). Actor/observer asymmetry in risky decision making. Judgment and Decision Making, 2, 1–8.
   Web of Science ®Google Scholar
• Garcia-Retamero, R., & Galesic, M. (2012). Doc, what would you do if you were me? On self-other discrepancies in medical decision making. Journal of Experimental Psychology: Applied, 18, 38–51.
   PubMed Web of Science ®Google Scholar
• Heilman, R. M., Crişan, L. G., Houser, D., Miclea, M., & Miu, A. C. (2010). Emotion regulation and decision making under risk and uncertainty. Emotion, 10(2), 257–265. doi:10.1037/a0018489
   PubMed Web of Science ®Google Scholar
• Hsee, C. K., & Weber, E. U. (1997). A fundamental prediction error: Self others discrepancies in risk preference. Journal of Experimental Psychology, 126, 45–53. doi:10.1037/0096-3445.126.1.45
   Google Scholar
• Isen, A. M., & Geva, N. (1987). The influence of positive affect on acceptable level of risk: The person with a large canoe has a large worry. Organizational Behavior and Human Decision Processes, 39, 145–154. doi:10.1016/0749-5978(87)90034-3
   Web of Science ®Google Scholar
• Jones, B., & Rachlin, H. (2006). Social discounting. Psychological Science, 17, 283–286. doi:10.1111/j.1467-9280.2006.01699.x
   PubMed Web of Science ®Google Scholar
• Jung, D., Sul, S., & Kim, H. (2013). Dissociable neural processes underlying risky decisions for self versus other. Frontiers in Neuroscience, 7, 15. doi:10.3389/fnins.2013.00015
   PubMed Web of Science ®Google Scholar
• Kahneman, D., Schkade, D., & Sunstein, C. (1998). Shared outrage and erratic awards: The psychology of punitive damages. Journal of Risk and Uncertainty, 16(1), 49–86. doi:10.1023/A:1007710408413
   Web of Science ®Google Scholar
• Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47, 263–291. doi:10.2307/1914185
   Web of Science ®Google Scholar
• Karakayali, N. (2009). Social distance and affective orientations. Sociological Forum, 24, 538–562. doi:10.1111/socf.2009.24.issue-3
   Web of Science ®Google Scholar
• Liu, Y., Bi, Y., & Wang, H. (2010). The effects of emotions and task frames on risk preferences in self decision making and anticipating others’ decisions. Acta Psychologica Sinica, 42, 317–324. doi:10.3724/SP.J.1041.2010.00317
   Google Scholar
• Lu, J., & Xie, X. (2014). To change or not to change: A matter of decision maker’s role. Organizational Behavior and Human Decision Processes, 124, 47–55. doi:10.1016/j.obhdp.2013.12.001
   Web of Science ®Google Scholar
• Lu, J., Xie, X., & Xu, J. (2013). Desirability or feasibility: Self–other decision-making differences. Personality and Social Psychology Bulletin, 39, 144–155. doi:10.1177/0146167212470146
   PubMed Web of Science ®Google Scholar
• Martínez-Jauand, M., González-Roldán, A. M., Muñoz, M. A., Sitges, C., Cifre, I., & Montoya, P. (2012). Somatosensory activity modulation during observation of other’s pain and touch. Brain Research, 1467, 48–55. doi:10.1016/j.brainres.2012.05.055
   PubMed Web of Science ®Google Scholar
• McGraw, A. P., Warren, C., Williams, L. E., & Leonard, B. (2012). Too close for comfort, or too far to care? Finding humor in distant tragedies and close mishaps. Psychological Science, 23, 1215–1223. doi:10.1177/0956797612443831
   PubMed Web of Science ®Google Scholar
• Nahum, L., Simon, S. R., Sander, D., Lazeyras, F., & Schnider, A. (2011). Neural response to the behaviorally relevant absence of anticipated outcomes and the presentation of potentially harmful stimuli: A human fMRI study. Cortex, 47(2), 191–201. doi:10.1016/j.cortex.2009.11.007
   PubMed Web of Science ®Google Scholar
• Nisan, M., & Minkowich, A. (1973). The effect of expected temporal distance on risk taking. Journal of Personality and Social Psychology, 25(3), 375–380. doi:10.1037/h0034207
   Web of Science ®Google Scholar
• Polman, E. (2012). Self–other decision making and loss aversion. Organizational Behavior and Human Decision Processes, 119, 141–150. doi:10.1016/j.obhdp.2012.06.005
   Web of Science ®Google Scholar
• Polman, E., & Emich, K. J. (2011). Decisions for others are more creative than decisions for the self. Personality and Social Psychology Bulletin, 37(4), 492–501.
   PubMed Web of Science ®Google Scholar
• Raue, M., Streicher, B., Lermer, E., & Frey, D. (2015). How far does it feel? Construal level and decisions under risk. Journal of Applied Research in Memory and Cognition, 4(3), 256–264. doi:10.1016/j.jarmac.2014.09.005
   Web of Science ®Google Scholar
• Sanfey, A. G. (2007). Social decision-making: Insights from game theory and neuroscience. Science, 318(5850), 598–602. doi:10.1126/science.1142996
   PubMed Web of Science ®Google Scholar
• Slovic, P., & Peters, E. (2006). Risk perception and affect. Current Directions in Psychological Science, 15(6), 322–325. doi:10.1111/cdir.2006.15.issue-6
   Web of Science ®Google Scholar
• Stone, E. R., & Allgaier, L. (2008). A social values analysis of self–other differences in decision making involving risk. Basic and Applied Social Psychology, 30, 114–129. doi:10.1080/01973530802208832
   Web of Science ®Google Scholar
• Strand Jr, I. E. (2004). Spatial variation in risk preferences among Atlantic and Gulf of Mexico pelagic longline fishermen. Marine Resource Economics, 19, 145–160. doi:10.1086/mre.19.1.42629423
   Google Scholar
• Trope, Y., & Liberman, N. (2010). Construal-level theory of psychological distance. Psychological Review, 117, 440–463. doi:10.1037/a0018963
   PubMed Web of Science ®Google Scholar
• Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: Cumulative representation of uncertainty. Journal of Risk and Uncertainty, 5, 297–323. doi:10.1007/BF00122574
   Web of Science ®Google Scholar
• Voisin, J. I., Marcoux, L. A., Canizales, D. L., Mercier, C., & Jackson, P. L. (2011). I am touched by your pain: Limb-specific modulation of the cortical response to a tactile stimulation during pain observation. The Journal of Pain, 12(11), 1182–1189. doi:10.1016/j.jpain.2011.06.005
   PubMed Web of Science ®Google Scholar
• Wakker, P. P. (2010). Prospect theory: For risk and ambiguity. Cambridge, UK: Cambridge University Press.
   Google Scholar
• Williams, L. E., Stein, R., & Galguera, L. (2014). The distinct affective consequences of psychological distance and construal level. Journal of Consumer Research, 40, 1123–1138. doi:10.1086/674212
   Web of Science ®Google Scholar
• Zhang, W., Liu, Y., Sun, Q., Hu, Q., & Liu, Y. (2014). Risk preference in making romantic relationship decisions for others with different psychological distance. Acta Psychologica Sinica, 10, 1580–1590.
   Google Scholar