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Do we make decisions for other people based on our predictions of their preferences?: evidence from financial and medical scenarios involving risk

Batteux, Eleonore; Ferguson, Eamonn; Tunney, Richard J.

Authors

Eleonore Batteux

Richard J. Tunney



Abstract

The ways in which the decisions we make for others differ from the ones we make for ourselves has received much attention in the literature, although less is known about their relationship to our predictions of the recipient’s preferences. The latter question is of particular importance given real-world occurrences of surrogate decision-making which require surrogates to consider the recipient’s preferences. We conducted three experiments which explore this relationship in the medical and financial domains. Although there were mean discrepancies between surrogate predictions and choices, we identified a predictive relationship between the two. Moreover, when participants took high risks for themselves, it seems that they were not willing to do so for others, even when they believed that the recipient’s preferences were similar to their own. We discuss these findings relative to current theories and real-world instances of surrogate decision-making.

Journal Article Type Article
Publication Date Apr 16, 2019
Print ISSN 1354-6783
Electronic ISSN 1464-0708
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 26
Issue 2
Pages 188-217
APA6 Citation Batteux, E., Ferguson, E., & Tunney, R. J. (2019). Do we make decisions for other people based on our predictions of their preferences?: evidence from financial and medical scenarios involving risk. Thinking and Reasoning, 26(2), 188-217. https://doi.org/10.1080/13546783.2019.1592779
DOI https://doi.org/10.1080/13546783.2019.1592779
Publisher URL https://www.tandfonline.com/doi/abs/10.1080/13546783.2019.1592779

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