By chance or by choice? Biased attribution of others' outcomes when social preferences matter.

ABSTRACT: Decision makers in positions of power often make unobserved choices under risk and uncertainty. In many cases, they face a trade-off between maximizing their own payoff and those of other individuals. What inferences are made in such instances about their choices when only outcomes are observable? We conduct two experiments that investigate whether outcomes are attributed to luck or choices. Decision makers choose between two investment options, where the more costly option has a higher chance of delivering a good outcome (that is, a higher payoff) for the group. We show that attribution biases exist in the evaluation of good outcomes. On average, good outcomes of decision makers are attributed more to luck as compared to bad outcomes. This asymmetry implies that decision makers get too li

SUBMITTER: Erkal N 

PROVIDER: S-EPMC8477728 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature