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Are individuals more risk and ambiguity averse in a group environment or alone? Results from an experimental study
16 references·16 citing·36 second hopsampled
Are individuals more risk and ambiguity averse in a group environment or alone? Results from an experimental study (2014)Are individuals more risk and ambiguity a…Individual Decision Making (2020)Individual Decision MakingThe Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation (2011)The Rich Domain of Uncertaint…Prospect Theory: For Risk and Ambiguity (2010)Prospect Theory: For Risk and…Prospect Theory (2010)Prospect TheoryMen, Women and Risk Aversion: Experimental Evidence (2008)Men, Women and Risk Aversion:…Expected utility theory and prospect theory: one wedding and a decent funeral (2008)Expected utility theory and p…Chapter 113 Men, Women and Risk Aversion: Experimental Evidence (2008)Chapter 113 Men, Women and Ri…z-Tree: Zurich toolbox for ready-made economic experiments (2007)z-Tree: Zurich toolbox for re…Ellsberg Revisited: An Experimental Study (2007)Ellsberg Revisited: An Experi…Elicitation using multiple price list formats (2006)Elicitation using multiple pr…Risk Aversion and Incentive Effects: New Data without Order Effects (2005)Risk Aversion and Incentive E…A Smooth Model of Decision Making under Ambiguity (2005)A Smooth Model of Decision Ma…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…The Handbook of experimental economics (1995)The Handbook of experimental …Recent developments in modeling preferences: Uncertainty and ambiguity (1992)Recent developments in modeli…Psychological sources of ambiguity avoidance (1986)Psychological sources of ambi…Are ambiguity preferences aligned with risk preferences? (2024)Are ambiguity preferences ali…What influences individuals' tolerance for ambiguity? Exploring the role of social comparison orientation, tendency to maximize and feel regret (2023)What influences individuals' …How Group Size and Decision Rules Impact Risk Preferences: Comparing group and individual settings in lottery-choice experiments (2022)How Group Size and Decision R…Time and risk preferences of individuals, married couples and unrelated pairs (2021)Time and risk preferences of …Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment (2021)Role of Farmers’ Risk and Amb…Risk and ambiguous choices: individual versus groups, an experimental analysis (2021)Risk and ambiguous choices: i…Experimental evidence of common pool resource use in the presence of uncertainty (2021)Experimental evidence of comm…Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh (2021)Effects of communication, gro…Decision process and preferences over risk under the “endogenous decision rule”: results from a group experiment (2021)Decision process and preferen…Ready-made oTree applications for the study of climate change adaptation behavior (2020)Ready-made oTree applications…Risk aversion, prudence and temperance: An experiment in gain and loss (2019)Risk aversion, prudence and t…Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity (2019)Individual vs. group decision…Group decision rules and group rationality under risk (2016)Group decision rules and grou…Emotions, attitudes, and appraisal in the management of climate-related risks by fish farmers in Northern Thailand (2016)Emotions, attitudes, and appr…Collective Choices Under Ambiguity (2016)Collective Choices Under Ambi…An experimental test of a search model under ambiguity (2015)An experimental test of a sea…Fuzzy sets (1965)Advances in prospect theory: Cumulative representation of uncertainty (1992)Chapter 18 A survey of behavioral finance (2003)Measuring Expectations (2004)“Economic man” in cross-cultural perspective: Behavioral experiments in 15 small-scale societies (2005)Theory of games and economic behavior (2019)Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk (2000)A domain‐specific risk‐attitude scale: measuring risk perceptions and risk behaviors (2002)Gender Differences in Preferences (2009)Beyond the Glass Ceiling: Does Gender Matter? (2011)Gender and Competition (2011)Risk, Ambiguity, and the Savage Axioms (1961)Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small and in the Large (1976)Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach (2006)Risk Aversion in the Laboratory (2008)Sensitivity analysis: A review of recent advances (2015)Prospect Theory: An Analysis of Decision under Risk (1979)Oxytocin increases trust in humans (2005)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Collective Action and the Evolution of Social Norms (2000)ERC: A Theory of Equity, Reciprocity, and Competition (2000)Evolutionary games on graphs (2007)Are people conditionally cooperative? Evidence from a public goods experiment (2001)Altruistic punishment in humans (2002)Do Women Shy Away From Competition? Do Men Compete Too Much? (2007)Strong Evidence for Gender Differences in Risk Taking (2011)COVID-19 and the workplace: Implications, issues, and insights for future research and action. (2020)Preference, Value, Choice, and Welfare (2011)Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior (2013)Quantum Models of Cognition and Decision (2015)Risk Preferences Around the World (2014)Individual-level loss aversion in riskless and risky choices (2021)Cognitive Uncertainty (2023)Investor Psychology and Asset Pricing (2001)Overconfidence and Speculative Bubbles (2003)
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References

  • 2007z-Tree: Zurich toolbox for ready-made economic experiments9,517 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1995The Handbook of experimental economics3,678 cited
  • 2005A Smooth Model of Decision Making under Ambiguity1,889 cited
  • 1992Recent developments in modeling preferences: Uncertainty and ambiguity1,795 cited
  • 2020Individual Decision Making991 cited
  • 2008Chapter 113 Men, Women and Risk Aversion: Experimental Evidence923 cited
  • 2010Prospect Theory851 cited
  • 2010Prospect Theory: For Risk and Ambiguity838 cited
  • 2008Men, Women and Risk Aversion: Experimental Evidence662 cited
  • 2006Elicitation using multiple price list formats636 cited
  • 2007Ellsberg Revisited: An Experimental Study614 cited
  • 2011The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation537 cited
  • 1986Psychological sources of ambiguity avoidance523 cited
  • 2008Expected utility theory and prospect theory: one wedding and a decent funeral424 cited
  • 2005Risk Aversion and Incentive Effects: New Data without Order Effects

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383 cited

Cited by

  • 2016Group decision rules and group rationality under risk32 cited
  • 2021Experimental evidence of common pool resource use in the presence of uncertainty22 cited
  • 2016Emotions, attitudes, and appraisal in the management of climate-related risks by fish farmers in Northern Thailand19 cited
  • 2019Risk aversion, prudence and temperance: An experiment in gain and loss18 cited
  • 2019Individual vs. group decision-making: an experiment on dynamic choice under risk and ambiguity15 cited
  • 2021Time and risk preferences of individuals, married couples and unrelated pairs13 cited
  • 2016Collective Choices Under Ambiguity12 cited
  • 2015An experimental test of a search model under ambiguity12 cited
  • 2024Are ambiguity preferences aligned with risk preferences?10 cited
  • 2023What influences individuals' tolerance for ambiguity? Exploring the role of social comparison orientation, tendency to maximize and feel regret8 cited
  • 2021Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh8 cited
  • 2022How Group Size and Decision Rules Impact Risk Preferences: Comparing group and individual settings in lottery-choice experiments5 cited
  • 2021Decision process and preferences over risk under the “endogenous decision rule”: results from a group experiment4 cited
  • 2021Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment3 cited
  • 2021Risk and ambiguous choices: individual versus groups, an experimental analysis3 cited
  • 2020Ready-made oTree applications for the study of climate change adaptation behavior2 cited