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Responsibility effects in decision making under risk

[working paper]

Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M.

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Please use the following Persistent Identifier (PID) to cite this document:http://hdl.handle.net/10419/71135

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Corporate Editor Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk aversion for large probabilities of a gain, while for small probability gains we find an increase of risk seeking under conditions of responsibility. This discredits hypotheses of a cautious shift under responsibility, and indicates an accentuation of the fourfold pattern of risk attitudes usually found for individual choices. (author's abstract)
Keywords social norm; risk behavior; responsibility; decision; decision making; risk assessment
Classification General Sociology, Basic Research, General Concepts and History of Sociology, Sociological Theories; Sociology of Economics
Document language English
Publication Year 2012
City Berlin
Page/Pages 33 p.
Series Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, WZB-Nachwuchsgruppe Risiko und Entwicklung, SP II 2012-402
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications