Guilty group decisions! Risk preferences under time pressure

Literature findings on individual risk preference in social settings appear mixed. Following the notion of higher individual risk aversion in group decisions from ex ante guilt and blame, investigations were carried out to determine the mechanism behind this heighten risk aversion. The combined impa...

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書目詳細資料
Main Authors: Cheo, Rui Ming, Neo, Van Myran Wei Ren, Teo, Yu Liang
其他作者: Yan Jubo
格式: Final Year Project
語言:English
出版: 2017
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在線閱讀:http://hdl.handle.net/10356/69931
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機構: Nanyang Technological University
語言: English
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總結:Literature findings on individual risk preference in social settings appear mixed. Following the notion of higher individual risk aversion in group decisions from ex ante guilt and blame, investigations were carried out to determine the mechanism behind this heighten risk aversion. The combined impacts of time pressure were further included to extend findings on ex ante guilt and blame. A between-subject experimental design based on Multiple Price Listing was used to elicit for risk preferences with risk estimation via CRRA utility models. In the absence of communication, both guilt and blame results in heightened risk aversion and this aversion is primarily driven by guilt. Under time-pressured situations, it was also found to enhance the effects of guilt and blame aversion in the form of raising the saliency thereby amplifying the effects than in the manner of masking them.