The current experiment compares risk preference in choices for self and others. The experimental task is based on Holt & Laury (2002) Multiple Price List paradigm. Participants chose among ten sets of gambles. Their choices affected either themselves or other participants in matched reciprocal...

Are we more inclined to take risks for ourselves rather than on someone else's behalf? The current study reviews and summarizes 28 effects from 18 studies (n=4,784). Across all studies, choices for others were significantly more risk-averse than choices for self (d=0.15, p=0.012). Two objective...

What are the barriers to voluntary take-up of high-deductible plans? We address this question using a large-scale employer survey conducted after an open-enrollment period in which a new high-deductible plan was first introduced. Only 3% of the employees chose this plan, despite the...