Individual and couple decision behavior under risk: evidence on the dynamics of power balance

André de Palma (), Nathalie Picard and Anthony Ziegelmeyer

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This article 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 spouses and the couples' degrees of risk aversion, we assess how the risk preferences of the two spouses aggregate when they make risky decisions, and we shed light on the dynamics of the decision process that takes place when couples make risky decisions. We find that, far from being fixed, the balance of power within the household is malleable. In most couples, men have, initially, more decision-making power than women but women who ultimately implement the joint decisions gain more and more power over the course of decision making.

Keywords: Balance of power; Experiments; Household decision-making; Risk (search for similar items in EconPapers)
Date: 2011-01
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Published in Theory and Decision, 2011, 70 (1), pp.45-64. ⟨10.1007/s11238-009-9179-6⟩

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Related works:
Journal Article: Individual and couple decision behavior under risk: evidence on the dynamics of power balance (2011)
Working Paper: Individual and couple decision behavior under risk: evidence on the dynamics of power balance (2011)
Working Paper: Individual and couple decision behavior under risk: Evidence on the dynamics of power balance (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-00783737

DOI: 10.1007/s11238-009-9179-6

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