Please use this persistent identifier to cite or link to this item: doi:10.24405/14791
Title: On the economic value of decision rights: An experimental test
Authors: Meemann, Christine 
Language: eng
Subject (DDC): 330 Wirtschaft
Issue Date: 2023
Publisher: Universitätsbibliothek der HSU / UniBwH
Document Type: Thesis
Publisher Place: Hamburg
According to the theoretical freedom-of-choice literature and a growing body of experiments, the economic value of a decision right is reflected not only in its instrumental value, but also in an additional intrinsic value. Building upon findings from previous experiments, I use a novel two-stage laboratory experiment to examine (i) whether individuals value decision rights intrinsically, (ii) how intrinsic valuation depends on structural determinants of the related decision, and (iii) why individuals value decision rights that have no instrumental
benefits. I find decision rights to have intrinsic value which is conditioned by stake size, risk, and domain. Intrinsic-value assignment is positively correlated with a preference for self-determination and –in the domain of losses– with a preference for non-interference of others. Aversion to paternalism is no significant motive behind the intrinsic valuation of decision rights.
Organization Units (connected with the publication): Volkswirtschaftslehre, insb. Behavioral Economics 
Advisor: Traub, Stefan 
Grantor: HSU Hamburg
Type of thesis: Doctoral Thesis
Exam date: 2023-01-31
Appears in Collections:2 - Theses

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