We design an experiment to understand how social preferences affect investment decisions through stock allocations and probability assessments. The major preference channel is asymmetric in social outcomes - although negative and positive responsible investment (RI) externalities have the same...

We design an experiment to understand how social preferences affect investment decisions through stock allocations and probability assessments. The major preference channel is asymmetric in social outcomes – although negative and positive responsible investment (RI) externalities have the same...

We conduct an experiment designed to understand how social preferences affect investment decisions by observing subjects' stock allocations and probability assessments. Key to the design is that subjects' investment outcomes are treated by neutral, negative or positive payoff externalities on...