Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/100144 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
CeDEx Discussion Paper Series No. 2013-01
Verlag: 
The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx), Nottingham
Zusammenfassung: 
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 investment task . In our consultation treatments we find evidence of peer effects: there is significant correlation of decisions within the peer group. However, average risk taking is not significantly different from the benchmark treatment with isolated individual choices. This latter result underlines the importance of payoff-commonality for bringing about higher risk-taking in groups.
Schlagwörter: 
experimental economics
choice under risk
advice
social influence
peer effects
JEL: 
C91
C92
D71
D80
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
953.46 kB





Publikationen in EconStor sind urheberrechtlich geschützt.