Risk-taking for others under accountabilityPahlke, J., Strasser, S. and Vieider, F. M. (2012) Risk-taking for others under accountability. Economics Letters, 114 (1). pp. 102-105. ISSN 0165-1765 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1016/j.econlet.2011.09.037 Abstract/SummaryWe let subjects take risky decisions that affect themselves and a passive recipient. Adding a requirement to justify their choices significantly reduces loss aversion. This indicates that such an accountability mechanism may be effective at debiasing loss aversion in agency relations.
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