
handle: 10419/96858 , 10419/96936
We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. In a series of experiments our participants often choose a stochastically dominated lottery between outcomes, contradicting most theories of choice such as expected utility. A large data set on university applications in Germany shows a choice pattern that is consistent with a preference for randomization, entailing substantial allocative consequences. The findings are consistent with our theory of responsibility aversion. (author's abstract)
Verantwortung, election, preference for randomization, Wahl, decision making, Experiment, Stochastic dominance violations,individual decision making,university choice,matching, stochastics, Entscheidungsfindung, Abstimmung, experiment, ddc:330, matching, individual decision making, Stochastik, menu-dependent preference, preference for randomization, menu-dependent preference, individual decision making, university choice, matching, voting, Stochastic dominance violations, D01, D03, responsibility, university choice, jel: jel:D01, jel: jel:D03
Verantwortung, election, preference for randomization, Wahl, decision making, Experiment, Stochastic dominance violations,individual decision making,university choice,matching, stochastics, Entscheidungsfindung, Abstimmung, experiment, ddc:330, matching, individual decision making, Stochastik, menu-dependent preference, preference for randomization, menu-dependent preference, individual decision making, university choice, matching, voting, Stochastic dominance violations, D01, D03, responsibility, university choice, jel: jel:D01, jel: jel:D03
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