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The effect of accountability on loss aversion

(2009) ACTA PSYCHOLOGICA. 132(1). p.96-101
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Abstract
This paper investigates the effect of accountability-the expectation on the side of the decision maker of having to justify his/her decisions to somebody else-on loss aversion. Loss aversion is commonly thought to be the strongest component of risk aversion. Accountability is found to reduce the bias of loss aversion. This effect is explained by the higher cognitive effort induced by accountability, which triggers a rational check on emotional reactions at the base of loss aversion, leading to a reduction of the latter. Connections to dual-processing models are discussed.
Keywords
Decision Making, Decision Making: physiology, Emotions, Emotions: physiology, Female, Humans, Male, Models, Psychological, Questionnaires, Risk Assessment, Risk-Taking, Social Perception, Social Responsibility, Young Adult

Citation

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MLA
Vieider, Ferdinand. “The Effect of Accountability on Loss Aversion.” ACTA PSYCHOLOGICA 132.1 (2009): 96–101. Print.
APA
Vieider, F. (2009). The effect of accountability on loss aversion. ACTA PSYCHOLOGICA, 132(1), 96–101.
Chicago author-date
Vieider, Ferdinand. 2009. “The Effect of Accountability on Loss Aversion.” Acta Psychologica 132 (1): 96–101.
Chicago author-date (all authors)
Vieider, Ferdinand. 2009. “The Effect of Accountability on Loss Aversion.” Acta Psychologica 132 (1): 96–101.
Vancouver
1.
Vieider F. The effect of accountability on loss aversion. ACTA PSYCHOLOGICA. 2009;132(1):96–101.
IEEE
[1]
F. Vieider, “The effect of accountability on loss aversion,” ACTA PSYCHOLOGICA, vol. 132, no. 1, pp. 96–101, 2009.
@article{8599066,
  abstract     = {{This paper investigates the effect of accountability-the expectation on the side of the decision maker of having to justify his/her decisions to somebody else-on loss aversion. Loss aversion is commonly thought to be the strongest component of risk aversion. Accountability is found to reduce the bias of loss aversion. This effect is explained by the higher cognitive effort induced by accountability, which triggers a rational check on emotional reactions at the base of loss aversion, leading to a reduction of the latter. Connections to dual-processing models are discussed.}},
  author       = {{Vieider, Ferdinand}},
  issn         = {{0001-6918}},
  journal      = {{ACTA PSYCHOLOGICA}},
  keywords     = {{Decision Making,Decision Making: physiology,Emotions,Emotions: physiology,Female,Humans,Male,Models,Psychological,Questionnaires,Risk Assessment,Risk-Taking,Social Perception,Social Responsibility,Young Adult}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{96--101}},
  title        = {{The effect of accountability on loss aversion}},
  url          = {{http://dx.doi.org/10.1016/j.actpsy.2009.05.006}},
  volume       = {{132}},
  year         = {{2009}},
}

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