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http://hdl.handle.net/11718/1888| Title: | Are you risk averse over other people's money? |
| Authors: | Chakravarty, Sujoy Harrison, Glenn W. Haruvy, Ernan Rutstrom, E. Elisabet |
| Keywords: | Risk aversion |
| Issue Date: | 3-Apr-2010 |
| Series/Report no.: | WP;2005/1893 |
| Abstract: | We examine the question in the simplest possible setting using controlled laboratory experiments. We find a remarkable results: when an individual makes a decision for an anonymous stranger, he tends to exhibit less risk aversion. This results has significant implications for the design of contracts between principals and agents. |
| URI: | http://hdl.handle.net/11718/1888 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2005-08-04sujoy.pdf | 226.37 kB | Adobe PDF | View/Open |
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