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Group preferences over social risk: does (group) size matter?

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  • Morone, Andrea
  • Temerario, Tiziana

Abstract

In this paper, we first replicated Harrison et al. (2012). Then, we studied if the group’s size has an impact on group’s risk aversion. In line with Harrison et al. (2012), our results confirm that no significant differences occur between individuals and groups risk aversion in three-person group. We also found that group size does not affect the level of risk aversion.

Suggested Citation

  • Morone, Andrea & Temerario, Tiziana, 2016. "Group preferences over social risk: does (group) size matter?," MPRA Paper 74949, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74949
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    File URL: https://mpra.ub.uni-muenchen.de/74949/1/MPRA_paper_74949.pdf
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    References listed on IDEAS

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    4. 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.
    5. Masclet, David & Colombier, Nathalie & Denant-Boemont, Laurent & Lohéac, Youenn, 2009. "Group and individual risk preferences: A lottery-choice experiment with self-employed and salaried workers," Journal of Economic Behavior & Organization, Elsevier, vol. 70(3), pages 470-484, June.
    6. Sutter, Matthias, 2005. "Are four heads better than two? An experimental beauty-contest game with teams of different size," Economics Letters, Elsevier, vol. 88(1), pages 41-46, July.
    7. Rockenbach, Bettina & Sadrieh, Abdolkarim & Mathauschek, Barbara, 2007. "Teams take the better risks," Journal of Economic Behavior & Organization, Elsevier, vol. 63(3), pages 412-422, July.
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    12. Marielle Brunette & Laure Cabantous & Stéphane Couture, 2015. "Are individuals more risk and ambiguity averse in a group environment or alone? Results from an experimental study," Post-Print hal-01189933, HAL.
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    Cited by:

    1. Lamiraud, Karine & Vranceanu, Radu, 2018. "Group gender composition and economic decision-making: Evidence from the Kallystée business game," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 294-305.

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    More about this item

    Keywords

    Preferences; Risk attitude; Laboratory; Majority Rule;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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