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Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance

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Author Info
Gary Charness
Edi Karni ()
Dan Levin

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File URL: http://hdl.handle.net/10.1007/s11166-007-9020-y
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Publisher Info
Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 35 (2007)
Issue (Month): 2 (October)
Pages: 129-148
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Handle: RePEc:kap:jrisku:v:35:y:2007:i:2:p:129-148

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Web page: http://www.springerlink.com/link.asp?id=100299

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Related research
Keywords: Decision making under risk; Group decisions; Bayesian updating; First-order stochastic dominance; D80; C91; C92;

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Please 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.:
  1. Martin G. Kocher & Matthias Sutter, 2004. "The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games," Papers on Strategic Interaction 2004-09, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
    Other versions:
  2. Zizzo, Daniel John & Stolarz-Fantino, Stephanie & Wen, Julie & Fantino, Edmund, 2000. "A violation of the monotonicity axiom: experimental evidence on the conjunction fallacy," Journal of Economic Behavior & Organization, Elsevier, vol. 41(3), pages 263-276, March. [Downloadable!] (restricted)
  3. Ganguly, Ananda R & Kagel, John H & Moser, Donald V, 2000. " Do Asset Market Prices Reflect Traders' Judgment Biases?," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 219-45, May. [Downloadable!] (restricted)
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  4. David J. Cooper & John H. Kagel, 2005. "Are Two Heads Better Than One? Team versus Individual Play in Signaling Games," American Economic Review, American Economic Association, vol. 95(3), pages 477-509, June. [Downloadable!]
  5. Ouwersloot, Hans & Nijkamp, Peter & Rietveld, Piet, 1998. "Errors in probability updating behaviour : Measurement and impact analysis," Journal of Economic Psychology, Elsevier, vol. 19(5), pages 535-563, October. [Downloadable!] (restricted)
  6. Alan S. Blinder & John Morgan, 2001. "Are Two Heads Better Than One?: An Experimental Analysis of Group vs. Individual Decisionmaking," Working Papers 130, Princeton University, Department of Economics, Center for Economic Policy Studies.. [Downloadable!]
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(explanations, Please 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.)

  1. Marcela Ibanez & Simon Czermak & Matthias Sutter, . "Searching for a better deal – On the influence of group decision making, time pressure and gender in a search experiment," Working Papers 2008-05, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
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  2. Weber, Richard & Graevenitz, Georg von & Harhoff, Dietmar, 2009. "The Effects of Entrepreneurship Education," Discussion Papers in Business Administration 10966, University of Munich, Munich School of Management. [Downloadable!]
    Other versions:
    • Richard Weber & Georg von Graevenitz & Dietmar Harhoff, 2009. "The Effects of Entrepreneurship Education," Discussion Papers 269, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
  3. Jingjing Zhang & Marco Casari, 2009. "How groups reach agreement in risky choices: an experiment," Department of Economics Working Papers 2009-08, McMaster University. [Downloadable!]
    Other versions:
  4. Francesco Feri & Bernd Irlenbusch & Matthias Sutter, 2008. "Efficiency Gains from Team-Based Coordination – Large-Scale Experimental Evidence," Working Papers 2008-22, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
    Other versions:
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