Risk-taking in social settings: Group and peer effects

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چکیده

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Risk-taking in social settings: Group and peer effects☆

We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our benchmark treatments replicate findings that groups take more risk than individuals in the investment task; con...

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We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our benchmarking treatments replicate earlier findings that groups take more risk than individuals in the investme...

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faculty of psychology and social sciences group of anthropology master thesis in major of anthropology

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Risk-taking and social exclusion in adolescence: Neural mechanisms underlying peer influences on decision-making

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Peer effects in risk

Using data on Uruguayan adolescents, we estimate peer effects in risk attitudes. Relative risk aversion is elicited in an experimental setting. Identification is based on parents not being able to choose the class within the school of their choice. After controlling for school-grade fixed effect and addressing endogeneity due to simultaneity, we find a significant and quantitative large impact ...

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ژورنال

عنوان ژورنال: Journal of Economic Behavior & Organization

سال: 2013

ISSN: 0167-2681

DOI: 10.1016/j.jebo.2013.06.010