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

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW Kiel)

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
New Economics Papers: this item is included in nep-dcm, nep-exp and nep-hrm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:330837

DOI: 10.1017/eec.2024.4

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