{"id":"https://openalex.org/W4386554941","doi":"https://doi.org/10.1016/j.geb.2026.05.012","title":"Motives for delegating financial decisions","display_name":"Motives for delegating financial decisions","publication_year":2026,"publication_date":"2026-05-30","ids":{"openalex":"https://openalex.org/W4386554941","doi":"https://doi.org/10.1016/j.geb.2026.05.012"},"language":"en","primary_location":{"id":"doi:10.1016/j.geb.2026.05.012","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.geb.2026.05.012","pdf_url":null,"source":{"id":"https://openalex.org/S94044085","display_name":"Games and Economic Behavior","issn_l":"0899-8256","issn":["0899-8256","1090-2473"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games and Economic Behavior","raw_type":"journal-article"},"type":"article","indexed_in":["arxiv","crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.geb.2026.05.012","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067667335","display_name":"Mikhail Freer","orcid":"https://orcid.org/0000-0002-1544-7636"},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Mikhail Freer","raw_affiliation_strings":["University of Essex"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Essex","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5071180534","display_name":"Daniel Friedman","orcid":"https://orcid.org/0000-0002-0038-7597"},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]},{"id":"https://openalex.org/I185103710","display_name":"University of California, Santa Cruz","ror":"https://ror.org/03s65by71","country_code":"US","type":"education","lineage":["https://openalex.org/I185103710"]}],"countries":["GB","US"],"is_corresponding":false,"raw_author_name":"Daniel Friedman","raw_affiliation_strings":["University of Essex and, University of California Santa Cruz"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Essex and, University of California Santa Cruz","institution_ids":["https://openalex.org/I185103710","https://openalex.org/I110002522"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063260240","display_name":"Simon Weidenholzer","orcid":"https://orcid.org/0000-0001-7643-5885"},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Simon Weidenholzer","raw_affiliation_strings":["University of Essex"],"raw_orcid":"https://orcid.org/0000-0001-7643-5885","affiliations":[{"raw_affiliation_string":"University of Essex","institution_ids":["https://openalex.org/I110002522"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5063260240"],"corresponding_institution_ids":["https://openalex.org/I110002522"],"apc_list":{"value":2540,"currency":"USD","value_usd":2540},"apc_paid":{"value":2540,"currency":"USD","value_usd":2540},"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.00055579,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"159","issue":null,"first_page":"56","last_page":"70"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.996999979019165,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.996999979019165,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9830999970436096,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9729999899864197,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/delegate","display_name":"Delegate","score":0.991950273513794},{"id":"https://openalex.org/keywords/delegation","display_name":"Delegation","score":0.8036454319953918},{"id":"https://openalex.org/keywords/blame","display_name":"Blame","score":0.5597847700119019},{"id":"https://openalex.org/keywords/earnings","display_name":"Earnings","score":0.5235921144485474},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4975149929523468},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4368920922279358},{"id":"https://openalex.org/keywords/quality","display_name":"Quality (philosophy)","score":0.4366241693496704},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.4083000421524048},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.3894272446632385},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3356081247329712},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.32154303789138794},{"id":"https://openalex.org/keywords/psychology","display_name":"Psychology","score":0.13897287845611572},{"id":"https://openalex.org/keywords/social-psychology","display_name":"Social psychology","score":0.11615410447120667},{"id":"https://openalex.org/keywords/management","display_name":"Management","score":0.11195653676986694},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.11031433939933777}],"concepts":[{"id":"https://openalex.org/C143273055","wikidata":"https://www.wikidata.org/wiki/Q2382794","display_name":"Delegate","level":2,"score":0.991950273513794},{"id":"https://openalex.org/C86532276","wikidata":"https://www.wikidata.org/wiki/Q1184065","display_name":"Delegation","level":2,"score":0.8036454319953918},{"id":"https://openalex.org/C2781466463","wikidata":"https://www.wikidata.org/wiki/Q621695","display_name":"Blame","level":2,"score":0.5597847700119019},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5235921144485474},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4975149929523468},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4368920922279358},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4366241693496704},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4083000421524048},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3894272446632385},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3356081247329712},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32154303789138794},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.13897287845611572},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.11615410447120667},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.11195653676986694},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11031433939933777},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.geb.2026.05.012","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.geb.2026.05.012","pdf_url":null,"source":{"id":"https://openalex.org/S94044085","display_name":"Games and Economic Behavior","issn_l":"0899-8256","issn":["0899-8256","1090-2473"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games and Economic Behavior","raw_type":"journal-article"},{"id":"pmh:oai:arXiv.org:2309.03419","is_oa":true,"landing_page_url":"http://arxiv.org/abs/2309.03419","pdf_url":"https://arxiv.org/pdf/2309.03419","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},{"id":"pmh:oai:RePEc:arx:papers:2309.03419","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"doi:10.48550/arxiv.2309.03419","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.2309.03419","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":null,"raw_source_name":null,"raw_type":"Preprint"}],"best_oa_location":{"id":"doi:10.1016/j.geb.2026.05.012","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.geb.2026.05.012","pdf_url":null,"source":{"id":"https://openalex.org/S94044085","display_name":"Games and Economic Behavior","issn_l":"0899-8256","issn":["0899-8256","1090-2473"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Games and Economic Behavior","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G1881006365","display_name":null,"funder_award_id":"ES/T015357/1","funder_id":"https://openalex.org/F4320334630","funder_display_name":"Economic and Social Research Council"},{"id":"https://openalex.org/G249769276","display_name":"Investor Behaviour in the Age of Fintech: Crowdfunding, Copy Trading and Robo-Advisors","funder_award_id":"ES/T015357/1","funder_id":"https://openalex.org/F4320334630","funder_display_name":"Economic and Social Research Council"}],"funders":[{"id":"https://openalex.org/F4320311731","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06"},{"id":"https://openalex.org/F4320334630","display_name":"Economic and Social Research Council","ror":"https://ror.org/03n0ht308"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W115332106","https://openalex.org/W1591695585","https://openalex.org/W3183911098","https://openalex.org/W4238454263","https://openalex.org/W2559470891","https://openalex.org/W4245844877","https://openalex.org/W4248360724","https://openalex.org/W1975904519","https://openalex.org/W4386088672","https://openalex.org/W3125255130"],"abstract_inverted_index":{"Why":[0],"do":[1],"some":[2,97],"investors":[3,23,65,83,100],"delegate":[4,35,66,84,102],"financial":[5],"decisions":[6],"to":[7,16,34,41],"supposed":[8],"experts?":[9],"We":[10,57,118],"report":[11],"an":[12],"on-line":[13],"experiment":[14],"designed":[15],"disentangle":[17],"four":[18],"possible":[19,125],"motives.":[20,78],"About":[21],"800":[22],"drawn":[24],"from":[25],"the":[26,51],"Prolific":[27],"subject":[28],"pool":[29],"choose":[30,103],"whether":[31],"or":[32],"not":[33],"a":[36,42,60,72,94,104,112,123],"real-stakes":[37],"choice":[38,69],"among":[39],"lotteries":[40],"previous":[43],"investor":[44],"(a":[45],"\u201cdesignee\u201d)":[46],"after":[47],"seeing":[48],"information":[49],"on":[50],"performance":[52],"of":[53,64,82],"several":[54],"available":[55],"designees.":[56],"find":[58,119],"that":[59,90,127],"surprisingly":[61],"large":[62],"fraction":[63,81],"even":[67],"trivial":[68],"tasks,":[70,88],"suggesting":[71,89,111],"major":[73],"role":[74,95,113],"for":[75,96,114,122],"blame":[76],"shifting":[77],"A":[79],"larger":[80],"our":[85],"more":[86,131],"complex":[87],"decision":[91],"costs":[92],"play":[93],"investors.":[98],"Some":[99],"who":[101],"low":[105],"quality":[106],"designee":[107],"with":[108],"high":[109],"earnings,":[110],"chasing":[115],"past":[116],"performance.":[117],"no":[120],"evidence":[121],"fourth":[124],"motive,":[126],"delegation":[128],"makes":[129],"risk":[130],"acceptable.":[132]},"counts_by_year":[],"updated_date":"2026-07-15T18:14:33.161393","created_date":"2025-10-10T00:00:00"}