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Greek Culture After the Financial Crisis and the Covid-19 Crisis pp 209–222Cite as

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The Global Preference Survey: Attitudes Toward Risk, Positive and Negative Reciprocity and Altruism

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Part of the The Political Economy of Greek Growth up to 2030 book series (TPEGG)

Abstract

The scope of the chapter is to presents the main attitudes of Greek society and how they are positioned compared to the rest of the world, based on Global Preferences Survey. Most theories of human behavior agree that a set of preferences guide individuals in decision-making. These include risk-taking preferences, positive and negative reciprocity and altruism. The importance of the above attitudes is critical, especially considering that many times we make our decisions and choices depending on the interaction that will result from our actions toward third parties. After all, the heterogeneity of individual preferences is a key feature of any society, making the decision-making process a complex task under conditions of uncertainty.

Keywords

  • Global Preferences Survey
  • Risk
  • Reciprocity
  • Altruism

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Fig. 14.1

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Difference to the world mean in standard deviation of risk-taking. Darker shades [black] indicate higher values of a given trait, while lighter shades [grey] indicate lower values. White countries are not included in GPS)

Fig. 14.2

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Risk-taking is normalized to have mean 0 and standard deviation 1 in the individual-level data. Higher values indicate higher risk-taking. Cognitive Skills: 00—Generic programs and qualifications, 01—Education 02,—Arts and humanities, 03—Social sciences, journalism and information, 04—Business, administration and law, 05—Natural sciences, mathematics and statistics, 06—Information and Communication Technologies, 07—Engineering, manufacturing and construction, 08—Agriculture, forestry, fisheries and veterinary, 09—Health and welfare, 10—Services)

Fig. 14.3

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Difference to the world mean in standard deviation of positive reciprocity. Darker shades [black] indicate higher values of a given trait, while lighter shades [grey] indicate lower values. White countries are not included in GPS)

Fig. 14.4

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Difference to the world mean in standard deviation of negative reciprocity. Darker shades [black] indicate higher values of a given trait, while lighter shades [grey] indicate lower values. White countries are not included in GPS)

Fig. 14.5

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Reciprocity is normalized to have mean 0 and standard deviation 1 in the individual-level data. Higher values indicate higher reciprocity. Cognitive Skills: 00—Generic programmes and qualifications, 01—Education, 02—Arts and humanities, 03—Social sciences, journalism and information, 04—Business, administration and law, 05—Natural sciences, mathematics and statistics, 06—Information and Communication Technologies, 07—Engineering, manufacturing and construction, 08—Agriculture, forestry, fisheries and veterinary, 09—Health and welfare, 10—Services)

Fig. 14.6

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Difference to the world mean in standard deviation of altruism. Darker shades [black] indicate higher values of a given trait, while lighter shades [grey] indicate lower values. White countries are not included in GPS)

Fig. 14.7

(Source Falk et al. [2016, 2018] and authors’ own creation. Note Altruism is normalized to have mean 0 and standard deviation 1 in the individual-level data. Higher values indicate higher altruism. Cognitive Skills: 00—Generic programmes and qualifications, 01—Education, 02—Arts and humanities, 03—Social sciences, journalism and information, 04—Business, administration and law, 05—Natural sciences, mathematics and statistics, 06—Information and Communication Technologies, 07—Engineering, manufacturing and construction, 08—Agriculture, forestry, fisheries and veterinary, 09—Health and welfare, 10—Services)

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Authors and Affiliations

  1. Department of Economics, National and Kapodistrian University of Athens, Athens, Greece

    Panagiotis E. Petrakis & Pantelis C. Kostis

  2. National and Kapodistrian University of Athens, Athens, Greece

    Kyriaki I. Kafka & Dionysis G. Valsamis

Authors
  1. Panagiotis E. Petrakis
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  2. Kyriaki I. Kafka
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  3. Pantelis C. Kostis
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  4. Dionysis G. Valsamis
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Correspondence to Panagiotis E. Petrakis .

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Petrakis, P.E., Kafka, K.I., Kostis, P.C., Valsamis, D.G. (2021). The Global Preference Survey: Attitudes Toward Risk, Positive and Negative Reciprocity and Altruism. In: Greek Culture After the Financial Crisis and the Covid-19 Crisis. The Political Economy of Greek Growth up to 2030. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-81018-4_14

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  • DOI: https://doi.org/10.1007/978-3-030-81018-4_14

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