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We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … conditions of responsibility. This discredits hypotheses of a "cautious shift" under responsibility, and indicates an …
Persistent link: https://www.econbiz.de/10009724885
We systematically explore decision situations in which a decision maker bears responsibility for somebody else … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … responsibility may depend on a social norm of caution in situations of responsibility versus naive corrections from perceived biases …
Persistent link: https://www.econbiz.de/10010427574
Persistent link: https://www.econbiz.de/10011477891
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10013364933
We systematically explore decision situations in which a decision maker bears responsibility for somebody else … thought. Indeed, looking at risk attitudes in the loss domain, we find an increase in risk seeking under responsibility. This … responsibility may depend on a social norm of caution in situations of responsibility versus naive corrections from perceived biases …
Persistent link: https://www.econbiz.de/10008790096
We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … conditions of responsibility. This discredits hypotheses of a cautious shift under responsibility, and indicates an accentuation …
Persistent link: https://www.econbiz.de/10010311784
We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … conditions of responsibility. This discredits hypotheses of a cautious shift under responsibility, and indicates an accentuation …
Persistent link: https://www.econbiz.de/10010955061
Persistent link: https://www.econbiz.de/10003896776
Since business activities are generally subject to uncertainties, dealing with risk is essential. Principals are generally assumed to maximize their expected value and therefore act in a risk-neutral manner by diversifying their portfolio. Agents, however, often deviate from maximizing their...
Persistent link: https://www.econbiz.de/10013217449