Individual and couple decision behavior under risk: evidence on the dynamics of power balance

André de Palma, Nathalie Picard, Anthony Ziegelmeyer

Research output: Contribution to journalArticlepeer-review

36 Citations (Scopus)

Abstract

This article reports results of an experiment designed to analyze the link between risky decisions made by couples and risky decisions made separately by each spouse. We estimate both the spouses and the couples' degrees of risk aversion, we assess how the risk preferences of the two spouses aggregate when they make risky decisions, and we shed light on the dynamics of the decision process that takes place when couples make risky decisions. We find that, far from being fixed, the balance of power within the household is malleable. In most couples, men have, initially, more decision-making power than women but women who ultimately implement the joint decisions gain more and more power over the course of decision making.

Original languageEnglish
Pages (from-to)45-64
Number of pages20
JournalTheory and Decision
Volume70
Issue number1
DOIs
Publication statusPublished - Jan 2011

ASJC Scopus subject areas

  • General Decision Sciences
  • Economics, Econometrics and Finance(all)
  • Computer Science Applications
  • Applied Psychology
  • General Social Sciences

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