experiment, we investigate the performance of two prominent mechanisms that have been proposed to explain the phenomenon; (i …) rank-dependent utility and (ii) a desire to conform to the wishes of the majority. The evidence provides clear support for … the conformity explanation. …

This study contributes to the public debate on gender quotas and the literature on gender and risk taking by analysing … how the level of risk taking within a group is influenced by its gender composition. In particular we look at the shift of … risk taking between group and individual decisions and analyse to which extent this shift depends on the gender composition …

principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are … extent observed team decisions under risk are actually consistent with the principles of rational choice, specifically the …