HOW GROUPS REACH AGREEMENT IN RISKY CHOICES: AN EXPERIMENT

C-Tier
Journal: Economic Inquiry
Year: 2012
Volume: 50
Issue: 2
Pages: 502-515

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper studies how groups resolve disagreement in lottery choices. In an experiment, subjects submit individual proposals, exchange chat messages, and must reach unanimity. Overall, group choices are more coherent and closer to risk neutrality than individuals'. The proposal of the minority prevails in about one instance out of five. About one third of the groups do not reach immediate agreement after communication. In these groups, extrovert subjects are more likely to lead the group outcome than confused or conscientious subjects. The amount, equality, and timing of chat messages help us to predict which choice prevails in the group. (JEL C92, D81)

Technical Details

RePEc Handle
repec:bla:ecinqu:v:50:y:2012:i:2:p:502-515
Journal Field
General
Author Count
2
Added to Database
2026-01-25