We find that financial decision-making power per se is significant in explaining individuals’ objective risk-taking behavior and subjective risk attitude. More importantly, we show that this decision power attenuates the correlation between subjective risk attitude and objective risk taking. These results are significant in understanding the important role of decision-making power in individual risk-taking behavior.

中文翻译：

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财务决策权和风险承担

我们发现财务决策权本身对解释个人的客观冒险行为和主观风险态度具有重要意义。更重要的是，我们表明这种决策能力减弱了主观风险态度和客观风险承担之间的相关性。这些结果对于理解决策权在个人冒险行为中的重要作用具有重要意义。