Arbeitspapier
Deciding for others reduces loss aversion
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for other people as for themselves when losses are excluded. In contrast, when losses are possible, decisions on behalf of others are more risky. Using structural estimation, we show that this increase in risk stems from a decrease in loss aversion when others are affected by their choices.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFN Working Paper ; No. 976
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
Risk taking
loss aversion
experiment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andersson, Ola
Holm, Håkan J.
Tyran, Jean-Robert
Wengström, Erik
- Ereignis
-
Veröffentlichung
- (wer)
-
Research Institute of Industrial Economics (IFN)
- (wo)
-
Stockholm
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Andersson, Ola
- Holm, Håkan J.
- Tyran, Jean-Robert
- Wengström, Erik
- Research Institute of Industrial Economics (IFN)
Entstanden
- 2013
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