The impact of informationpresentation on self-other riskdecision-making

To explore the impact of social distance and information presentation types onself-other risk preferences in monetary tasks. Risk preferences were examinedin decision-making tasks and experiential information tasks within differentframeworks when participants made decisions for themselves and others.Experiment 1 employed experiential decision tasks and revealed individualdifferences in decision-making for oneself and others. In gain situations,participants exhibited more risk aversion when deciding for others compared tothemselves. Experiment 2 presented both types of information simultaneouslyto investigate whether risk decisions for oneself and others are influenced byinformation types. Results indicated that experiential information led participantsto make more conservative choices for others, while descriptive informationeliminated this effect. This study discovered the influence of social distance onself-other risk decisions and the role of information presentation types in selfand other risk decision-making. Future research could further explore self-otherdecision-making from the perspectives of decision-makers’ traits and culture.