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 language | English |
|---|---|
| Title of host publication | Elgar Encyclopedia of Behavioural and Experimental Economics |
| Editors | Swee-Hoon Chuah, Robert Hoffmann, Ananta Neelim |
| Publisher | Edward Elgar Publishing |
| Pages | 136-138 |
| Number of pages | 3 |
| ISBN (Electronic) | 9781802207736 |
| ISBN (Print) | 9781802207729 |
| Publication status | Published - 1 Feb 2025 |
Publication series
| Name | Elgar Encyclopedias in Economics and Finance |
|---|---|
| Publisher | Edward Elgar |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities -
SDG 16 Peace, Justice and Strong Institutions
Keywords
- behavioural economics
- decision making for others
- delegation
- paternalism
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