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Are public officials more risk-averse than private sector employees in decision-making? Interest and accountability matter.

Public officials are traditionally thought to be more risk-averse than private sector employees, yet consistent empirical evidence is lacking. Prospect theory posits that individuals' risk decision preferences are influenced by the framing of gains or losses, but it does not distinguish whether gain...

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Publicado en:Journal of Public Administration Research & Theory Vol. 36; no. 3; pp. 391 - 407
Autores principales: Zhang, Jinfeng, Song, Minjie, Qin, Zengqiang, Xu, Ran, Ran, Rong
Formato: Artículo
Publicado: Oxford University Press / USA Jul2026
Materias:
Risk aversion
Decision making
Civil service
Public officers
Prospect theory
Government accountability
Philosophy of science
Acceso en línea:Ver este registro en EBSCOhost