Double Risk Aversion: Playing Safe When Choosing for Others
Poster Session II - Board: II-
Thursday, May 27, 2010, 8:00 PM - 9:00 PM
APS Exhibit Hall
People often choose the less risky but less promising alternative. The current study shows that this tendency is often amplified when choosing for others vs. for self. Three moderating factors are discussed: close relationship with the other person, uncertainty about other’s risk preferences and perceived responsibility.
Subject Area: Cognitive
Keywords: Judgment and Decision Making