NDLI: Responsibility effects in decision making under risk

Content Provider	Springer Nature Link
Author	Pahlke, Julius Strasser, Sebastian Vieider, Ferdinand M.
Copyright Year	2015
Abstract	We explore situations in which a decision maker bears responsibility for somebody else’s outcomes as well as for her own. We study such choices for gains and losses, and for different gain probabilities. For 50–50 lotteries over gains we find that being responsible for somebody else’s payoffs increases risk aversion. In the loss domain, on the other hand, we find significantly different behavior relative to gains, with slightly more risk seeking under responsibility. 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 increased risk seeking under conditions of responsibility relative to large probabilities. This discredits hypotheses of a ‘cautious shift’ under responsibility, and may indicate an accentuation of the fourfold pattern of risk attitudes usually found for individual choices.
Starting Page	125
Ending Page	146
Page Count	22
File Format	PDF
ISSN	08955646
Journal	Journal of Risk and Uncertainty
Volume Number	51
Issue Number	2
e-ISSN	15730476
Language	English
Publisher	Springer US
Publisher Date	2015-10-05
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Risk attitude Prospect theory Social norms Responsibility Other-regarding preferences Economic Theory/Quantitative Economics/Mathematical Methods Microeconomics Operation Research/Decision Theory Environmental Economics
Content Type	Text
Resource Type	Article
Subject	Finance Accounting Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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