1.
Bougheas, S., Nieboer, J., & Sefton, M. (2015).
Risk taking and information aggregation in groups
.
Journal of Economic Psychology
, 51, https://doi.org/10.1016/j.joep.2015.08.001
We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately observed signals and signals reported from others. We find that a considerable number of subjects exhibit ‘reverse confirmation bias’: they place less weight on information from others that agrees with their private signal and more weight on conflicting information. We also find a striking degree of consensus when subjects make decisions on behalf of the group under a random dictatorship procedure. Reverse confirmation bias and the incidence of consensus are considerably reduced when group members can share signals but not communicate.


Filter results by:

Journal: American Economic Review (2), Review of Economic Studies (3), Review of Economics and Statistics, Management Science, Journal of Political Economy, Journal of Public Economics, Journal of Economic Literature, Journal of the European Economic Association (4), Economic Journal (2), Journal of Economic Theory (5), Journal of International Economics (2), Economics Letters (2), Journal of Economic Behavior and Organization (5), Games and Economic Behavior (5), Journal of Banking and Finance, European Economic Review (2), Annals of Operations Research (2), Journal of Economic Dynamics and Control, American Economic Journal: Microeconomics (2), Economic Theory (2), Economics of Education Review (2), International Economic Review, RAND Journal of Economics (3), Environmental and Resource Economics, International Journal of Industrial Organization, Journal of Economic Psychology, Theoretical Economics, Journal of Corporate Finance, Journal of Industrial Economics, Scandinavian Journal of Economics, Theory and Decision (2), Journal of Comparative Economics, Resource and Energy Economics (2), International Journal of Game Theory, Oxford Economic Papers, Quarterly Journal of Political Science, Journal of Public Economic Theory, Mathematical Social Sciences (2), International Journal of Finance and Economics, Environmental Economics and Policy Studies (2), Brain Communications, Dynamic Games and Applications, Games (2),

Year: 2024 (6), 2023 (13), 2022 (5), 2021 (7), 2020 (6), 2019 (5), 2018 (13), 2017 (11), 2016 (9), 2015 (11)