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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. "Preferences over social risk: does (group) size matter?," EconStor Preprints 147413, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:147413
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    References listed on IDEAS

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    1. 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.
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    6. 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.
    7. 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.
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    9. 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.
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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

    Risk attitude; Preferences;

    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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