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Source
Economics Letters, 161, (2017), pp. 154-156ISSN
Annotation
1 november 2017
Publication type
Article / Letter to editor

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Organization
Financiële economie en ondernemingsfinanciering
Journal title
Economics Letters
Volume
vol. 161
Languages used
English (eng)
Page start
p. 154
Page end
p. 156
Subject
Integrated Decision Making (ID)Abstract
Risky decisions are at the core of economic theory. While many of these decisions are taken on behalf of others rather than for oneself, the existing literature finds mixed results on whether people take more or less risk for others then for themselves. Recent studies suggest that taking decisions for others reduces loss aversion, thereby increasing risk taking on behalf of others. To test this, we elicit loss aversion in three treatments: making risky decisions for oneself, for one other subject, or for the decision maker and another person combined. We find a clear treatment effect when making decisions for others but not when making decisions for both.
This item appears in the following Collection(s)
- Academic publications [203587]
- Electronic publications [101944]
- Nijmegen School of Management [12887]
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