Deciding to decide: Gender, leadership and risk-taking in groups
Abstract
Being the leader in a group often involves making risky decisions that affect the payoffs of all members, and the decision to take this responsibility in a group is endogenous in many contexts. In this paper, we experimentally study: (1) the willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group, in comparison to their individual decisions. We observe a striking difference between males and females, with a much lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is generally lower than in the case where subjects decide for themselves only, indicating a cautious shift. The women that would like to make the group decision and the women that do not are no different in terms of how much risk they take for themselves, nor for their group. For men, on the other hand, we find that the ones who would like to lead tend to take more risk on behalf of the group.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 83 (2012)
Issue (Month): 1 ()
Pages: 24-30
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Related research
Keywords: Gender; Group decision-making; Risk; Leadership; Experiments;Other versions of this item:
- Seda Ertac & Mehmet Y. Gurdal, 2010. "Deciding to Decide: Gender, Leadership and Risk-Taking in Groups," Koç University-TUSIAD Economic Research Forum Working Papers 1028, Koc University-TUSIAD Economic Research Forum.
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ronald J. Baker II & Susan K. Laury & Arlington W. Williams, 2007.
"Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments,"
Caepr Working Papers
2007-018, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
- Ronald J. Baker II & Susan K. Laury & Arlington W. Williams, 2008. "Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments," Southern Economic Journal, Southern Economic Association, vol. 75(2), pages 367-382, October.
- Ronald J. Baker II & Susan K. Laury & Arlington W. Williams, 2008. "Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments," Caepr Working Papers 2007-018_Updated, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Brunello, Giorgio & De Paola, Maria, 2012. "Leadership at School: Does the Gender of Siblings Matter?," IZA Discussion Papers 6976, Institute for the Study of Labor (IZA).
- Seda Ertac & Mehmet Y. Gurdal, 2012. "Personality, Group Decision-Making and Leadership," Koç University-TUSIAD Economic Research Forum Working Papers 1227, Koc University-TUSIAD Economic Research Forum.
- Charness, Gary & Viceisza, Angelino, 2012.
"Comprehension and Risk Elicitation in the Field: Evidence from Rural Senegal,"
University of California at Santa Barbara, Economics Working Paper Series
qt5512d150, Department of Economics, UC Santa Barbara.
- Charness, Gary & Viceisza, Angelino, 2011. "Comprehension and risk elicitation in the field: Evidence from rural Senegal," IFPRI discussion papers 1135, International Food Policy Research Institute (IFPRI).
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