Risk taking by agents: The role of ex-ante and ex-post accountability
Monique M.H. Pollmann,
Jan Potters and
Stefan Trautmann
Economics Letters, 2014, vol. 123, issue 3, 387-390
Abstract:
We study the role of accountability in situations where an agent makes risky decisions for a principal. We observe that in the absence of accountability, agents choose less risk averse investments for the principal than investors who invest for their own account. Accountability mitigates the observed decrease in risk aversion. Differences are observed between situations where agents are accountable for their decision (“ex-ante”) and where they are accountable for the outcome (“ex-post”).
Keywords: Decision under risk; Decisions of agents; Accountability (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176514001323
Full text for ScienceDirect subscribers only
Related works:
Working Paper: Risk taking by agents: The role of ex-ante and ex-post accountability (2014) 
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:ecolet:v:123:y:2014:i:3:p:387-390
DOI: 10.1016/j.econlet.2014.04.004
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().