3 datasets found

We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s eval- uations and...

We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for...

We study the role of accountability in situations where an agent makes risky decisions for a principal. We observe that in the absence of accountability, agents choose less risk...