Hj Holm
Vicerektor forskarutbildning, Professor
Risking Other People's Money : Experimental Evidence on the Role of Incentives and Personality Traits
Författare
Summary, in English
Decision makers often face incentives to increase risk‐taking on behalf of others through bonus contracts and relative performance contracts. We conduct an experimental study of risk‐taking on behalf of others using a large heterogeneous sample and find that people respond to such incentives without much apparent concern for stakeholders. Responses are heterogeneous and mitigated by personality traits. The findings suggest that lack of concern for others’ risk exposure hardly requires “financial psychopaths” in order to flourish, but is diminished by social concerns.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2020-04
Språk
Engelska
Sidor
648-674
Publikation/Tidskrift/Serie
Scandinavian Journal of Economics
Volym
122
Issue
2
Dokumenttyp
Artikel i tidskrift
Förlag
Wiley-Blackwell
Ämne
- Economics
Nyckelord
- Competition
- hedging
- incentives
- risk-taking
- social preferences
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1467-9442