Decision making for others: the case of loss aversion

DOI10.1016/J.ECONLET.2017.09.037zbMATH Open1396.91081OpenAlexW2765410137MaRDI QIDQ1786801FDOQ1786801

Authors: Sascha Füllbrunn, Wolfgang J. Luhan 

Publication date: 25 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://researchportal.port.ac.uk/portal/en/publications/decision-making-for-others-the-case-of-loss-aversion(3fec1840-40ab-492a-a3eb-7679d7b2fe64).html

Recommendations

• Ambiguity attitudes in decisions for others
• Individual-level loss aversion in riskless and risky choices
• Deciding on behalf of others does not mitigate selfishness. An experiment
• Loss averse behavior
• Decisions under uncertainty in social contexts

zbMATH Keywords

experimentrisk takingloss aversiondecision making for others

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty

Cited In (4)

• Are individuals more generous in loss contexts?
• Deciding on behalf of others does not mitigate selfishness. An experiment
• A behavioral definition of loss aversion
• Ambiguity attitudes in decisions for others

Uses Software

• G*Power 3
• Z-Tree
• ORSEE
• hroot

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