Risk-taking on behalf of others: Journal of Behavioral and Experimental Finance
- We present an experimental study on how people take risk on behalf of others. We use three different elicitation methods, and study how each subject makes decisions both on behalf of own money and on behalf of another individual’s money. We find a weak tendency of lower risk-taking with others’ money compared to own money. However, subjects believe that other participants take more risk with other people’s money than with their own. At the same time, subjects on average think that others are more risk averse than themselves. The data also reveals that subjects are quite inconsistent when making risk decisions on behalf of others. A large majority of subjects alternates between taking more risk, less risk or the same amount of risk with other people’s money compared to own money.
Author: | Kristoffer W. Eriksen, Ola KvaløyORCiDGND, Miguel Luzuriaga |
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DOI: | https://doi.org/10.1016/j.jbef.2020.100283 |
Identifier: | 2214-6350 OPAC HS OPAC extern |
Publisher: | Elsevier |
Place of publication: | Amsterdam |
Document Type: | Article |
Language: | English |
Date of Publication (online): | 2020/02/15 |
Year of first Publication: | 2020 |
Volume: | Volume 26 |
Issue: | June 2020 |
Article Number: | 100283 |
Number of pages: | 16 Seiten |
First Page: | 1 |
Last Page: | 16 |
Institutes: | Fakultät Betriebswirtschaft |
Open Access: | open_access |
Research focus: | FSP4: Soziale Innovationen |
Publication reviewed: | begutachtet |
Licence (German): | ![]() |
Release Date: | 2024/03/11 |