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 …

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 …

In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …

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 …

, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …