| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4498 |
| DP4498 The Era of Migration: Lessons for Today | |
| Kevin O'Rourke | |
| 发表日期 | 2004-07-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | 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 member might have made alone. Both risky and cautious shifts have been identified in different situations. This Paper demonstrates that from an individual decision-making perspective, choice shifts may be viewed as a systematic violation of expected utility theory. We propose a model in which a well-known failure of expected utility ? captured by the Allais paradox ? is equivalent to a particular configuration of choice shifts. Thus, our results imply a connection between two well-known behavioural regularities, one in individual decision theory and another in the social psychology of groups. |
| 主题 | Public Economics |
| 关键词 | Choice shifts Group decision-making Risky shift Cautious shift Allias paradox |
| URL | https://cepr.org/publications/dp4498 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533441 |
| 推荐引用方式 GB/T 7714 | Kevin O'Rourke. DP4498 The Era of Migration: Lessons for Today. 2004. |
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