Decision-making for others

Wolfgang Luhan, Sascha Füllbrunn*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

Decision-making for others (DMFO) is a cross-disciplinary research area trying to understand how people decide for others when the decision consequences do not affect themselves. There is no consistent theory to describe behaviour in such situations, so the bulk of research in economics and psychology trying to identify a general pattern of the motivating factors is done experimentally. The largest part of the economic literature examines risky (investment) decisions for others, with further topics such as paternalism, delegation preferences and moral behaviour being taken up more recently.
Original languageEnglish
Title of host publicationElgar Encyclopedia of Behavioural and Experimental Economics
PublisherEdward Elgar Publishing
Publication statusAccepted for publication - 1 Dec 2023

Publication series

NameElgar Encyclopedia
PublisherEdward Elgar

Keywords

  • behavioural economics
  • decision making for others
  • delegation
  • paternalism

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