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Risk taking in diverse groups: Gender matters

  • Jeroen Nieboer

    ()

    (School of Economics, University of Nottingham)

Using an experiment with incentivized decisions of groups in the economics laboratory, I investigate the effect of group diversity on group risk taking. I measure econometrically the effects of various aspects of subjects’ diversity: nationality, language, university degree and gender. I find that group decisions, when taken during face-to-face discussions between group members, replicate the pattern of previous studies with the same experimental task in that they lead to significantly higher risk taking by groups as compared to individuals. Furthermore, the only dimension of diversity with an effect on risk taking is gender: risk taking is increasing in the number of male group members. Keywords: experiments, choice under risk, groups, teams, diversity

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Paper provided by The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham in its series Discussion Papers with number 2013-06.

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Date of creation: Jun 2013
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Handle: RePEc:not:notcdx:2013-06
Contact details of provider: Postal: School of Economics University of Nottingham University Park Nottingham NG7 2RD
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Web page: http://www.nottingham.ac.uk/economics/cedex/
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  1. Gneezy, U. & Potters, J.J.M., 1997. "An experiment on risk taking and evaluation periods," Other publications TiSEM da6ba1bf-e15c-41b2-ae95-c, School of Economics and Management.
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  8. Bougheas, Spiros & Nieboer, Jeroen & Sefton, Martin, 2013. "Risk-taking in social settings: Group and peer effects," Journal of Economic Behavior & Organization, Elsevier, vol. 92(C), pages 273-283.
  9. Renée Adams & Patricia Funk, 2009. "Beyond the glass ceiling: Does gender matter?," Economics Working Papers 1172, Department of Economics and Business, Universitat Pompeu Fabra.
  10. Berger, Allen N. & Kick, Thomas & Schaeck, Klaus, 2012. "Executive board composition and bank risk taking," Discussion Papers 03/2012, Deutsche Bundesbank, Research Centre.
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