Self–other decision making and loss aversion
Volume: 119, Issue: 2, Pages: 141 - 150
Published: Nov 1, 2012
Abstract
In eight studies, we tested the prediction that making choices for others involves less loss aversion than making choices for the self. We found that loss aversion is significantly lessened among people choosing for others in scenarios describing riskless choice (Study 1), gambling (Studies 2 and 3), and social aspects of life, such as likeably and status (Studies 4a–e). Moreover, we found this pattern in relatively realistic conditions where...
Paper Details
Title
Self–other decision making and loss aversion
Published Date
Nov 1, 2012
Volume
119
Issue
2
Pages
141 - 150
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