Decision making for others: the case of loss aversion

DOI10.1016/J.ECONLET.2017.09.037MaRDI QIDQ1786801zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

experimentrisk takingloss aversiondecision making for others

Mathematics Subject Classification ID

Decision theory (91B06)

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

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

Describes a project that uses

Uses Software

• hroot
• ORSEE
• Z-Tree
• G*Power 3

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