The needs of the many, the wealth of the few: How responsibility affects decision-making for others

Georgia E. Buckle, Sascha Füllbrunn () and Wolfgang J. Luhan

Economics Letters, 2024, vol. 244, issue C

Abstract: We test whether the number of principals or the investment amount amplify responsibility in risky decision-making for others. We do not find increased caution for more people, but rather an effect of increased endowment per person, but not in total.

Keywords: Decision-making for others; Responsibility; Risky decisions; Group size; Stake size (search for similar items in EconPapers)
JEL-codes: C91 C92 D81 D91 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004701

DOI: 10.1016/j.econlet.2024.111986

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