Categories
Publications

Publication JPART March 2018

Are future bureaucrats more risk averse? The effect of studying public administration and PSM on risk preferences (with Markus Tepe)

Abstract:

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.

Categories
Publications

Book chapter from Cambridge University Press in July 2017

Out now: Experiments in Public Administration Research: Challenges and Contributions, edited by Oliver James, Sebastian Jilke, and Gregg Van Ryzin. Together with Markus Tepe I contributed the chapter “Laboratory Experiments: Their Potential for Public Management Research”