Arbeitspapier
Individual and group preferences over risk: Does group size matter?
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 to the risk-neutrality prediction. More interestingly, whereas smaller groups attitudes can be safely approximated by individual choices, larger groups reveal a statistically different risk-loving attitude. This risky shift becomes more prominent as group size increases.
- Language
-
Englisch
- Bibliographic citation
-
Series: EERI Research Paper Series ; No. 12/2017
- Classification
-
Wirtschaft
Design of Experiments: Laboratory, Individual
Design of Experiments: Laboratory, Group Behavior
Microeconomic Behavior: Underlying Principles
- Subject
-
Preferences
Group
Risk Attitude
Majority Rule
Laboratory
- Event
-
Geistige Schöpfung
- (who)
-
Morone, Andrea
Nemore, Francesco
Temerario, Tiziana
- Event
-
Veröffentlichung
- (who)
-
Economics and Econometrics Research Institute (EERI)
- (where)
-
Brussels
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Morone, Andrea
- Nemore, Francesco
- Temerario, Tiziana
- Economics and Econometrics Research Institute (EERI)
Time of origin
- 2017
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A primer on the relationship between group size and group performance
Employer size or skill-group size effect on wages?