Deciding for Oneself or Others: A structural approach on risky decision making for others

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dc.contributor.advisorFullbrunn, S.
dc.contributor.authorKuzey, Murat
dc.date.issued2018-08-15
dc.description.abstractThis paper examines whether an individual’s risk-taking changes when s/he is taking a decision for someone else. Using an online experiment with a mixed subject pool of bankers, managers and students, with gain loss and mixed prospects, we constructed a structural model based on prospect theory. We find that making a decision on behalf of someone else leaves the utility curvatures unaffected. But does result in an accentuation of the four-fold pattern of risk preferences. In addition, we also conclude that decision making for others leads to a reduction of loss aversion. Furthermore, we find an increase in probabilistic sensitivity for both the gain as loss domain, the above results hold even when controlled for order.en_US
dc.embargo.lift10000-01-01
dc.embargo.typePermanent embargoen_US
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/6173
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationFinancial Economicsen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleDeciding for Oneself or Others: A structural approach on risky decision making for othersen_US
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