Does public officials' risk preference differ in self versus public decision-making? It depends on decision framing and bet size
发布日期：2024-10-30
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摘要：Psychological distance theory and social value theory suggest there is a risk difference in self versus other decision-making. On this basis, this study explores whether public officials' risk preferences differ in self versus public decision-making. Inspired by prospect theory, the decision framing and bet size are further considered as the decision-making conditions. Through a survey experiment using Chinese public officials, this study finds that, compared with decision-making for themselves, public officials have a lower risk preference in decision-making for the public. In addition, this risk preference difference occurs under the conditions of a gain frame and larger bet size. Conversely, under the condition of a loss frame and smaller bet size, the risk preference difference disappears. This study reveals public officials' risk pattern in self versus public decision-making, which has significant implications for managing risk in public decision-making and guiding those officials to make better decisions for the public.
作者：Zhang, JF(Zhang, Jinfeng)等
文章来源：《PUBLIC ADMINISTRATION》2024年10月
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