Eliaz, Kfir; Ray, Debraj; Razin, Ronny - In: American Economic Review 96 (2006) 4, pp. 1321-1332
The phenomenon of choice shifts in group decision-making has received attention in the social psychology literature. Faced with a risky group decision, individuals appear to support more extreme choices relative to those they would make on their own. This paper demonstrates that from a...