Deciding for Others Reduces Loss Aversion

We study risk taking on behalf of others, both when choices involve losses and when they do not. A large-scale incentivized experiment with subjects randomly drawn from the Danish population is conducted. We find that deciding for others reduces loss aversion. When choosing between risky prospects f...

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Veröffentlicht in:	Management science 2016-01, Vol.62 (1), p.29-36
Hauptverfasser:	Andersson, Ola, Holm, Håkan J., Tyran, Jean-Robert, Wengström, Erik
Format:	Artikel
Sprache:	eng
Schlagworte:	Bias Decision making Economics Economics and Business Ekonomi och näringsliv Emotions experiment loss aversion Losses Management Science and Operations Research Methods Nationalekonomi Prospects Risk assessment Risk aversion Risk management Risk taking Samhällsvetenskap Social Sciences Strategy and Management
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