The needs of the many, the wealth of the few: how responsibility affects decision-making for others

Georgia Elizabeth Buckle; Sascha Füllbrunn; Wolfgang Luhan

doi:10.1016/j.econlet.2024.111986

The needs of the many, the wealth of the few: how responsibility affects decision-making for others

Georgia Elizabeth Buckle
, Sascha Füllbrunn
, Wolfgang Luhan^*

^*Corresponding author for this work

School of Accounting, Economics and Finance

Radboud University Nijmegen

Research output: Contribution to journal › Article › peer-review

29 Downloads (Pure)

Abstract

We test whether the number of principals or the investment amount amplify responsibility in risky decision-making for others. We do not find increased caution for more people, but rather an effect of increased endowment per person, but not in total.

Original language	English
Article number	111986
Number of pages	4
Journal	Economics Letters
Volume	244
Early online date	17 Sept 2024
DOIs	https://doi.org/10.1016/j.econlet.2024.111986
Publication status	Published - 24 Sept 2024

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 17 Partnerships for the Goals

Keywords

decision-making for others
responsibility
risky decisions
group size
stake size

Access to Document

10.1016/j.econlet.2024.111986

The needs of the many, the wealth of the fewFinal published version, 434 KBLicence: CC BY

1 Working paper

The needs of the many, the wealth of the few: how responsibility affects decision-making for others
Buckle, G. E., Fuellbrunn, S. & Luhan, W., 3 Sept 2024, 9 p.
Research output: Working paper

Open Access

Decision-Making for Others: The Impact of Reputational Costs, Preference Differences, and Increased Responsibility
Buckle, G. E. (Author), Luhan, W. (Supervisor), Alberti, F. (Supervisor) & Thorpe, A. T. (Supervisor), 30 Aug 2022
Student thesis: Doctoral Thesis

File

The Needs of the Many, the Wealth of the Few: How Responsibility Affects Decision-Making for Others
Luhan, W. (Contributor), Buckle, G. (Creator) & Füllbrunn, S. (Contributor), Open Science Framework, 2 Sept 2024
DOI: 10.17605/OSF.IO/GQJYK
Dataset

1 Finished

Decision Making for Others Workshop 2022
Luhan, W. (PI)
4/07/22 → 22/11/22
Project: Research

1 Participation in conference

Decision Making for Others
Luhan, W. (Organiser), Füllbrunn, S. (Organiser) & Trautmann, S. (Organiser)
25 Oct 2022 → 28 Oct 2022
Activity: Participating in or organising an event types › Participation in conference

Cite this

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title = "The needs of the many, the wealth of the few: how responsibility affects decision-making for others",

abstract = "We test whether the number of principals or the investment amount amplify responsibility in risky decision-making for others. We do not find increased caution for more people, but rather an effect of increased endowment per person, but not in total.",

keywords = "decision-making for others, responsibility, risky decisions, group size, stake size",

author = "Buckle, \{Georgia Elizabeth\} and Sascha F{\"u}llbrunn and Wolfgang Luhan",

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AU - Buckle, Georgia Elizabeth

AU - Füllbrunn, Sascha

AU - Luhan, Wolfgang

N1 - 18 month embargo - Elsevier - may be Gold OA via agreement

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AB - We test whether the number of principals or the investment amount amplify responsibility in risky decision-making for others. We do not find increased caution for more people, but rather an effect of increased endowment per person, but not in total.

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KW - responsibility

KW - risky decisions

KW - group size

KW - stake size

U2 - 10.1016/j.econlet.2024.111986

DO - 10.1016/j.econlet.2024.111986

M3 - Article

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VL - 244

JO - Economics Letters

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M1 - 111986

ER -

The needs of the many, the wealth of the few: how responsibility affects decision-making for others

Abstract

UN SDGs

Keywords

Access to Document

Fingerprint

Research output

The needs of the many, the wealth of the few: how responsibility affects decision-making for others

Student theses

Decision-Making for Others: The Impact of Reputational Costs, Preference Differences, and Increased Responsibility

Datasets

The Needs of the Many, the Wealth of the Few: How Responsibility Affects Decision-Making for Others

Projects

Decision Making for Others Workshop 2022

Activities

Decision Making for Others

Cite this