Unearthing the Genesis of Foreign Aid in Economic

dc.contributor.advisor	Nolte, Sven
dc.contributor.author	Okushko, Erik
dc.date.issued	2022-10-11
dc.description.abstract	This paper studies experimentally how authority and conformity biases influence individuals’ degree of loss aversion. Participants’ risk-preferences are measured by Hoult-Laury lottery allocation and risk self-evaluation tasks. The experimental design includes three conditions: two treatment groups designed to elicit the biases and a control condition. The research avoids direct deception on purpose to bypass the usage of ambiguous methodology which caused multiple ethical issues in previous studies. A significant positive relationship is found between the authority bias and individuals’ degree of loss-aversion when measured by Hoult-Laury switching point. It provides evidence that risk-preferences of individuals can be altered by an authority opinion. The conformity bias impact on participants, however, was not proven to statistically significant. In addition, both of the biases do not significantly influence subjects choices when loss-aversion is measured by self-evaluation.	en_US
dc.identifier.uri	https://theses.ubn.ru.nl/handle/123456789/13871
dc.language.iso	en	en_US
dc.thesis.faculty	Faculteit der Managementwetenschappen	en_US
dc.thesis.specialisation	Economics, Behaviour and Policy	en_US
dc.thesis.studyprogramme	Master Economics	en_US
dc.thesis.type	Master	en_US
dc.title	Unearthing the Genesis of Foreign Aid in Economic	en_US

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