Risk-taking on behalf of others
Kristoffer W. Eriksen,
Ola Kvaløy () and
Journal of Behavioral and Experimental Finance, 2020, vol. 26, issue C
We present an experimental study on how people take risk on behalf of others. We use three different elicitation methods, and study how each subject makes decisions both on behalf of own money and on behalf of another individual’s money. We find a weak tendency of lower risk-taking with others’ money compared to own money. However, subjects believe that other participants take more risk with other people’s money than with their own. At the same time, subjects on average think that others are more risk averse than themselves. The data also reveals that subjects are quite inconsistent when making risk decisions on behalf of others. A large majority of subjects alternates between taking more risk, less risk or the same amount of risk with other people’s money compared to own money.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Working Paper: Risk-taking on Behalf of Others (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:26:y:2020:i:c:s221463502030023x
Access Statistics for this article
Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and JÃ¼rgen Huber
More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().