Choice Shifts in Groups

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Kfir Eliaz; Debraj Ray;
  • Subject: Choice Shifts, Disappointment Aversion, Allais Paradox
    • jel: jel:D72 | jel:D81

The phenomenon of "choice shifts" in group decision-making is fairly ubiquitous in the social psychology literature. Faced with a choice between a ``safe" and ``risky" decision, group members appear to move to one extreme or the other, relative to the choices each membe... View more
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