EconPapers    
Economics at your fingertips  
 

Risk-taking on behalf of others

Kristoffer W. Eriksen, Ola Kvaløy () and Miguel Luzuriaga

Journal of Behavioral and Experimental Finance, 2020, vol. 26, issue C

Abstract: 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.

Date: 2020
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)
http://www.sciencedirect.com/science/article/pii/S221463502030023X

Related works:
Working Paper: Risk-taking on Behalf of Others (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:26:y:2020:i:c:s221463502030023x

DOI: 10.1016/j.jbef.2020.100283

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2021-01-17
Handle: RePEc:eee:beexfi:v:26:y:2020:i:c:s221463502030023x