Can gender diversity prevent risky choice shifts? The effect of gender composition on group decisions under risk

Katharina Lima de Miranda, Lena Detlefsen and Ulrich Schmidt

EconStor Open Access Articles and Book Chapters, 2025, vol. 28, issue 4, 833-854

Abstract: 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.

Keywords: Experiment; gender; group decisions; risk-taking; risky shift (search for similar items in EconPapers)
JEL-codes: D71 D81 D91 J16 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:341151

DOI: 10.1017/eec.2024.4

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