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Preferences over social risk : does (group) size matter?

Morone, Andrea; Temerario, Tiziana - 2016

In this paper, we first replicated Harrison et al. (2012). Then, we studied if the group's size has an impact on group's risk aversion. In line with Harrison et al. (2012), our results confirm that no significant differences occur between individuals and groups risk aversion in three-person...

Persistent link: https://www.econbiz.de/10011556606

Individual and group preferences over risk : does group size matter?

Morone, Andrea; Nemore, Francesco; Temerario, Tiziana - 2017

In this paper we investigated group size impact on risk aversion when a majority rule is applied. Drawing on the widely used Holt and Laury’s (2002) lottery pairs, we observed a risky shift for both individual and groups regardless of their size. However, groups choices are shown to be closer...

Persistent link: https://www.econbiz.de/10011785074

Individual behavior and group membership : comment

Sutter, Matthias (contributor); Charness, Gary (contributor) - 2008

Charness et al. (2007b) have shown that group membership has a strong effect on individual decisions in strategic games when group membership is salient through payoff commonality. In this comment I show that their findings also apply to non-strategic decisions, even when no outgroup exists, and...

Persistent link: https://www.econbiz.de/10003768048

Decision Process, Preferences Over Risk and Consensus Rule : A Group Experiment

Morone, Andrea - 2017

The recent literature on individual vs. group decisions over risk has brought about divergent results, mainly depending on the institutional rules through which groups take decisions. While some studies where group decisions relied on the majority rule showed no appreciable difference between...

Persistent link: https://www.econbiz.de/10012956112

Group Play in Games and the Role of Consent in Network Formation

Charness, Gary; Jackson, Matthew O. - 2006

. In experiments on Stag Hunt games, we find a stark contrast between how groups and individuals play, with payoffs playing … observe. We provide results showing that this solution concept has application beyond the particular games in our experiments …

Persistent link: https://www.econbiz.de/10014073874

Individual Behavior and Group Membership

Charness, Gary; Rigotti, Luca; Rustichini, Aldo - 2021

People who are members of a group and identify with it behave differently from people who perceive themselves as isolated individuals. This difference depends on two main factors. First, preferences over outcomes change with the degree of identification with the group. Second, this...

Persistent link: https://www.econbiz.de/10013243734

Individual and Group Decision Making Under Risk : An Experimental Study of Bayesian Updating and Violations of First-Order Stochastic Dominance

Charness, Gary; Karni, Edi; Levin, Dan - 2006

In this paper, we report the results of experiments designed to test whether individuals and groups abide by the axioms …

Persistent link: https://www.econbiz.de/10014055667

Cooperation, Competition, and Risk Attitudes : An Intergenerational Field and Laboratory Experiment

Charness, Gary; Villeval, Marie Claire - 2021

juniors (under 30) and seniors (over 50) in both experiments conducted onsite with the employees of two large firms and in a … validity of conventional laboratory experiments. In general we do not find strong differences in behavior between workers and … non-workers, indicating that laboratory experiments may not be such a bad approximation for the field environment …

Persistent link: https://www.econbiz.de/10013317230

Corruption in Committees : An Experimental Study of Information Aggregation through Voting

Morton, Rebecca - 2014

We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non-experts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention when the probability of...

Persistent link: https://www.econbiz.de/10013047178

Let the experts decide? : asymmetric information, abstention, and coordination in standing committees

Morton, Rebecca B. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003769836