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فهرست مقالات

role taking under financial risk decision making

نویسنده:

ISC (21 صفحه - از 203 تا 223)

کلیدواژه ها :

Financial Risk ،Willingness to bear ،Experimental Economics

کلید واژه های ماشینی : Decisions Decision Maker، DE، If، Experimental Economics، II، Risk، For Decision Maker، Else، EII، For

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on others is directly related to their own willingness to bear risks.

خلاصه ماشینی: "The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on others is directly related to their own willingness to bear risks. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on others is directly related to their own willingness to bear risks. The parameter setting is as below: Table 1: Session I: Experimental Parameters for Assessment of Individual’s Tendency to Impose Risks on Others Choice Payoff of Decision Maker from Gamble Expected Value for the Choice Decision Maker/ Partner 1 600 points if a 1 through 10 is rolled; 100 points otherwise 600 points 300 2 600 points if a 1 through 9 is rolled; 100 points otherwise 550 points 300 3 600 points if a 1 through 8 is rolled; 100 points otherwise 500 points 300 4 600 points if a 1 through 7 is rolled; 100 points otherwise 450 points 300 5 600 points if a 1 through 6 is rolled; 100 points otherwise 400 points 300 6 600 points if a 1 through 5 is rolled; 100 points otherwise 350 points 300 7 600 points if a 1 through 4 is rolled; 100 points otherwise 300 points 300 8 600 points if a 1 through 3 is rolled; 100 points otherwise 250 points 300 9 600 points if a 1 or 2; 100 points otherwise 200 points 300 10 600 points if a 1 is rolled; 100 points otherwise 150 points 300 There are two rounds in this session. By recording the expected value of the gamble after which each decision-maker changes his or her choice from gamble to swap position with the partner for the sure payoff, we get the measurement of subjects’ willingness to impose risks on others."

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