e-journal

Risk-Taking Behavior: An Experimental Analysis of Individuals and Dyads

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The decision to undertake risk is often made by pairs (dyads), while much of the economics
literature on risk taking focuses on the individual. We report the results of controlled
laboratory experiments that compare behavior between individuals and pairs. Using the Holt
and Laury (2002) procedure and a within-subjects design, we find that pair choices are largely
consistent with subjects bargaining over the outcome rather than the pairs taking a more
extreme stance than the individual members. Further, gender and age but not personality seem
to influence relative bargaining weight. We also find that individuals are more willing to take
risks after making decisions as part of a pair than beforehand. Both the personality of one's
partner and nontask social interaction influence subsequent individual risk-taking behavior

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Informasi Detail

Judul Seri

Southern Economic Joumat

No. Panggil

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Penerbit

: Southern Economic Association., 2012

Deskripsi Fisik

Southern Economic Joumat, 79(2), 277-299

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati

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