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We use a laboratory gift-exchange game to examine decisions made by groups under three different procedures that dictate how group members interact and reach decisions in comparison to individuals acting alone. We find that group decisions do deviate from those of individuals, but the direction...
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outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …
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sensitive to the risk of rejection did not sample more than others, let alone as much as people in lotteries. Raising the stakes …
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