Individual and Couple Decision Behavior under Risk: The Power of Ultimate Control

André de Palma (), Nathalie Picard () and Anthony Ziegelmeyer

Discussion Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: This paper reports results of an experiment designed to analyze the link between risky decisions made by couples, and risky decisions made separately by each spouse. We estimate both the individuals and the couples’ degrees of risk aversion, and we analyze how the risk preferences of the two spouses aggregate when they have to perform joint decisions under risk. We show that the man has more decision power than the woman, but the woman’s decision power increases when she has ultimate control over the joint decision.

New Economics Papers: this item is included in nep-exp
Date: Written 2006-12
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ftp://papers.econ.mpg.de/esi/discussionpapers/2006-22.pdf (application/pdf)

Related works:
Working Paper: Individual and Couple Decision Behavior under Risk:The Power of Ultimate Control (2007)
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