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...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: Cheo, Rui Ming, Neo, Van Myran Wei Ren, Teo, Yu Liang
مؤلفون آخرون: Yan Jubo
التنسيق: Final Year Project
اللغة:English
منشور في: 2017
الموضوعات:
الوصول للمادة أونلاين:http://hdl.handle.net/10356/69931
الوسوم: إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
المؤسسة: Nanyang Technological University
اللغة: English
الوصف
الملخص: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.