Risk preference and choice stochasticity during decisions for other people
Volume: 18, Issue: 2, Pages: 331 - 341
Published: Mar 16, 2018
Abstract
In several contexts, such as finance and politics, people make choices that are relevant for others but irrelevant for oneself. Focusing on decision-making under risk, we compared monetary choices made for one's own interest with choices made on behalf of an anonymous individual. Consistent with the previous literature, other-interest choices were characterized by an increased gambling propensity. We also investigated choice stochasticity, which...
Paper Details
Title
Risk preference and choice stochasticity during decisions for other people
Published Date
Mar 16, 2018
Volume
18
Issue
2
Pages
331 - 341
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