Risk-taking for others under accountability

Julius Pahlke, Sebastian Strasser and Ferdinand Vieider ()

Economics Letters, 2012, vol. 114, issue 1, 102-105

Abstract: We let subjects take risky decisions that affect themselves and a passive recipient. Adding a requirement to justify their choices significantly reduces loss aversion. This indicates that such an accountability mechanism may be effective at debiasing loss aversion in agency relations.

Keywords: Risk attitude; Prospect theory; Responsibility; Accountability; Loss aversion (search for similar items in EconPapers)
JEL-codes: D03 D81 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (42)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:1:p:102-105

DOI: 10.1016/j.econlet.2011.09.037

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