The Role of Empathy on Risky Decisions for Oneself versus Others - Focusing on Loss Aversion Behaviors - (본인 또는 타인을 위한 모험적 의사결정 상황에 공감이 미치는 영향 - 손실 회피 행동을 중심으로 -)

Im Hye Bin (임혜빈); Jina Jeong (정지나); Byung-Kwan Lee (이병관)

doi:10.14251/crisisonomy.2020.16.2.149

The Role of Empathy on Risky Decisions for Oneself versus Others - Focusing on Loss Aversion Behaviors -

Crisisonomy
Abbr : KRCEM
2020, 16(2), pp.149-160
DOI : 10.14251/crisisonomy.2020.16.2.149
Publisher : Crisis and Emergency Management: Theory and Praxis
Research Area : Social Science > Public Policy > Public Policy in general
Received : December 12, 2019
Accepted : January 21, 2020
Published : February 28, 2020

Im Hye Bin ¹, Jina Jeong ², Byung-Kwan Lee ¹

¹광운대학교
²광운대학교 산업심리학과

Accredited

ABSTRACT

This research explored the differences between decisions for others and for the self. In this research, we questioned whether or not judgments for others would exhibit less loss aversion than making judgments for oneself. We, furthermore, examined the moderating role of empathy on the relationship between decision types and loss aversion. A total of 140 participants were randomly assigned to one of two conditions (decision for others versus for oneself) and answered a questionnaire including decision tasks and an empathy scale. The SPSS PROCESS macro analysis was performed to examine the hypotheses. The results indicated that the participants exhibited less loss aversion behaviors when they made decisions for others. As expected, the differences between decisions for others and decisions for themselves declined as their empathy level increased. Implications and possible future research directions are discussed as well.

KEYWORDS

risky decision making, decisions for others, loss aversion, empathy

Citation status

* References for papers published after 2023 are currently being built.

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This paper was written with support from the National Research Foundation of Korea.

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Crisisonomy 2023 KCI Impact Factor : 0.64

The Role of Empathy on Risky Decisions for Oneself versus Others - Focusing on Loss Aversion Behaviors -

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* References for papers published after 2023 are currently being built.

Crisisonomy 2023 KCI Impact Factor : 0.64

The Role of Empathy on Risky Decisions for Oneself versus Others - Focusing on Loss Aversion Behaviors -

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