Sex differences in the risks a person selects for himself and the risks he selects for someone else

Slovic, Paul; Weinstein, Malcolm S.; Lichtenstein, Sarah

doi:10.1037/e301262005-001

Cited by 12 publications

(6 citation statements)

References 5 publications

(5 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Currently, the literature offers mixed results. When choosing for others versus the self, the majority of studies find increased risk aversion (for a review, see Atanasov, 2010); although others find similar risk aversion (Slovic, Weinstein, & Lichtenstein, 1967), and some find less risk aversion (Beisswanger, Stone, Hupp, & Allgaier, 2003;Stone & Allgaier, 2008, Wray & Stone, 2005. Differences in reported risk preferences between these studies are likely due to situational differences which affect the primary motive of the decision maker.…”

Section: Discussionmentioning

confidence: 94%

Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others

2011

View full text Add to dashboard Cite

Uncertainty-seeking behavior is currently understood as the result of loss aversion which motivates a preference for the possibility to avoid or lessen an otherwise sure loss. However, when choosing among negative options on behalf of others, we offer responsibility aversion as another possible motive for uncertainty-seeking behavior. Within our conceptual model, responsibility aversion is defined as the preference to minimize one's causal role in outcome generation. Compared to certain options, uncertain options lessen the decision maker's causal role in outcome generation because the outcomes are partially determined by chance. The presence of chance increases indirect agency on behalf of the decision maker and lessens his or her perceived risk of responsibility. The results of five studies support a responsibility aversion motivation behind uncertainty-seeking behavior.

show abstract

Section: Discussionmentioning

confidence: 94%

Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others

2011

View full text Add to dashboard Cite

show abstract

“…Although the first few studies on self-other differences in risky decision making can be traced back to fifty years ago [5–7], there has been recent increased interest, particularly in the field of behavioural economics, linked to the involvement of such decisions in the financial crisis [8–10]. In the psychological literature, interest in surrogate decisions has grown against the backdrop of a long-standing interest in the role that emotions play in our decision-making [11–13].…”

Section: Introductionmentioning

confidence: 99%

Do our risk preferences change when we make decisions for others? A meta-analysis of self-other differences in decisions involving risk

2019

View full text Add to dashboard Cite

Background Are we more risk-averse or risk-seeking when we make decisions on behalf of other people as opposed to ourselves? So far, findings have not been able to provide a clear and consistent answer. Method We propose a meta-analysis to assess whether self-other differences vary according to particular features of the decision. We reviewed 78 effect sizes from 49 studies (7,576 participants). Results There was no overall self-other difference, but there were moderating effects of domain and frame . Decisions in the interpersonal domain were more risk-averse for self than for other. Decisions in the medical domain were more risk-seeking for self than for other. There were no overall self-other differences in the financial domain, however there was a moderating effect of frame : decisions in a gain frame were more risk-averse for self than other whereas decisions in a loss frame were more risk-seeking for self than other. This effect of frame was slightly different overall and in the medical domain, where self-other differences occurred in a loss frame but not in a gain frame. Conclusion Future work should continue to investigate how the specific content and context of the decision impacts self-other differences in order to understand the effects of domain and frame we report.

show abstract

“…On the other hand, Slovic, Weinstein, and Lichtenstein (1967) found no difference between the risk levels of bets wagered for self and for another person.…”

mentioning

confidence: 70%

The nature of affective bonds and the degree of personal responsibility as determinants of risk taking for “self and others ”

Yinon

Bizman

1974

Bull. Psychon. Soc.

View full text Add to dashboard Cite

Thompson, R., & Thorne, B. M. Brainstem reticular formation lesions : Amnestic effects on learned habits in the rat . Physiological Psychology, 1973, 1,61-70. NOTES 1. Preliminary experiments in our laboratory revealed that the normal adult male albino rat spends from 70%-100% of the time in the dark compartment, that this preference is reduced to less than 50% following enucleation of the eyes, and that this preference is present in infant rats 1 day after weaning, but does not reach adult proportions until about 37 days of age.2. Three rats with pallidal, two with hypothalamic, one with pretecto-

show abstract

Sex differences in the risks a person selects for himself and the risks he selects for someone else

Cited by 12 publications

References 5 publications

Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others

Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others

Do our risk preferences change when we make decisions for others? A meta-analysis of self-other differences in decisions involving risk

The nature of affective bonds and the degree of personal responsibility as determinants of risk taking for “self and others ”

Contact Info

Product

Resources

About