experiment. To identify the causes of risk taking by groups, we compare individual to group decisions in three scenarios. The … in 100% of the cases where outstanding individuals are risk averse, while group polarization appears to be more likely … predominant diversification of opinions effect. When group members share all payoffs equally, this effect overcomes polarization …

experiment. To identify the causes of risk taking by groups, we compare individual to group decisions in three scenarios. The … in 100% of the cases where outstanding individuals are risk averse, while group polarization appears to be more likely … predominant diversification of opinions effect. When group members share all payoffs equally, this effect overcomes polarization …

We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately … conflicting information. We also find a striking degree of consensus when subjects make decisions on behalf of the group under a …

We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship … with an individual preference for a choice under risk, based on privately received information, and can share this …