The recent literature on individual and group choices over risk has led to different results. In some studies under … unanimity, groups were found to be less risk averse than individuals, while those under majority did not highlight significant …' preference under risk using a consensus rule, i.e. groups are free to solve disagreement endogenously, just as in the real life …

The recent literature on individual vs. group decisions over risk has brought about divergent results, mainly depending … members was required found collective decisions to be less risk averse than individual ones. Of course, these studies share …' preferences over risk using a consensus rule, i.e. leaving groups free to endogenously solve the potential disagreement among …