Andersson, Ola; Holm, Håkan J.; Tyran, Jean-Robert; … - C.E.P.R. Discussion Papers - 2013
We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our … experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or … respond strongly to these incentives that result in an increased risk exposure of others. However, we find that the increase …