Masclet, David; Colombier, Nathalie; Denant-Boemont, Laurent - In: Journal of Economic Behavior & Organization 70 (2009) 3, pp. 470-484
This paper focuses on decision making under risk, comparing group and individual risk preferences in a lottery-choice experiment. In the individual treatment, subjects make choices individually; in the group treatment, each subject placed in a group made lottery choice via voting. In the choice...