Journal Article
Can Gender Diversity Prevent Risky Choice Shifts? The Effect of Gender Composition on Group Decisions under Risk
Experimental Economics, published online
Authors
Publication Date
DOI
JEL Classification
D71
D81
D91
J16
Key Words
Related Topics
Behavioral Economics
Our study contributes to the literature on choice shifts in group decision-making by analyzing how the level of risk-taking within a group is influenced by its gender composition. In particular, we investigate experimentally whether group composition affects how preferences ‘shift’ when comparing individual and group choices. Consistent with hypotheses derived from previous literature, we show that male-dominated groups shift toward riskier decisions in a way that is not explained by any simple preference aggregation mechanism. We discuss potential channels for the observed pattern of choice shifts.
