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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.

Citation status

* References for papers published after 2022 are currently being built.

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