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Title: Decision making for others: The case of loss aversion
Author(s): Füllbrunn, S.C. ; Luhan, W.J.
Publication year: 2017
Source: Economics Letters, vol. 161, (2017), pp. 154-156
Number of Pages: 3 p.
ISSN: 0165-1765
DOI: https://doi.org/10.1016/j.econlet.2017.09.037
Annotation: 1 november 2017
Publication type: Article / Letter to editor

Please use this identifier to cite or link to this item : http://hdl.handle.net/2066/179290   http://hdl.handle.net/2066/179290

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Subject: Integrated Decision Making (ID)
Organization: Financiële economie en ondernemingsfinanciering
Journal title:
Economics Letters
Volume: vol. 161
Page start: p. 154
Page end: p. 156
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.
Languages used: English (eng)

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