Pollmann, Monique M.H.; Potters, Jan; Trautmann, Stefan T. - In: Economics Letters 123 (2014) 3, pp. 387-390
We study the role of accountability in situations where an agent makes risky decisions for a principal. We observe that in the absence of accountability, agents choose less risk averse investments for the principal than investors who invest for their own account. Accountability mitigates the...
