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responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a "cautious shift" as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …
Persistent link: https://www.econbiz.de/10008821653
responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a 'cautious shift' as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …
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responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a 'cautious shift' as often … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … raises issues about the nature of various decision biases under risk, and to what extent changed behavior under …
Persistent link: https://www.econbiz.de/10008790096
own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … aversion for large probabilities of a gain, while for small probability gains we find an increase of risk seeking under …
Persistent link: https://www.econbiz.de/10010955061
own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … aversion for large probabilities of a gain, while for small probability gains we find an increase of risk seeking under …
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