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- W3124142758 abstract "This paper focuses on decisions under ambiguity. Participants in a laboratory experiment made decisions in three different settings: (a) individually, (b) individually after discussing the decisions with two others, and (c) in groups of three. We show that groups are more likely to make ambiguity-neutral decisions than individuals, and that individuals make more ambiguity-neutral decisions after discussing the decisions with others. This shift toward higher ambiguity neutrality in groups and after a group discussion is associated with a reduction in the rates of both ambiguity aversion and ambiguity seeking. We suggest that the results might be driven by effective and persuasive communication that takes place in groups." @default.
- W3124142758 created "2021-02-01" @default.
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- W3124142758 date "2014-07-01" @default.
- W3124142758 modified "2023-10-18" @default.
- W3124142758 title "Group decisions under ambiguity: Convergence to neutrality" @default.
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- W3124142758 doi "https://doi.org/10.1016/j.jebo.2014.03.026" @default.
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