Guilty group decisions! Risk preferences under time pressure
Literature findings on individual risk preference in social settings appear mixed. Following the notion of higher individual risk aversion in group decisions from ex ante guilt and blame, investigations were carried out to determine the mechanism behind this heighten risk aversion. The combined impa...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/69931 |
| _version_ | 1811688619271782400 |
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| author | Cheo, Rui Ming Neo, Van Myran Wei Ren Teo, Yu Liang |
| author2 | Yan Jubo |
| author_facet | Yan Jubo Cheo, Rui Ming Neo, Van Myran Wei Ren Teo, Yu Liang |
| author_sort | Cheo, Rui Ming |
| collection | NTU |
| description | Literature findings on individual risk preference in social settings appear mixed. Following the notion of higher individual risk aversion in group decisions from ex ante guilt and blame, investigations were carried out to determine the mechanism behind this heighten risk aversion. The combined impacts of time pressure were further included to extend findings on ex ante guilt and blame. A between-subject experimental design based on Multiple Price Listing was used to elicit for risk preferences with risk estimation via CRRA utility models. In the absence of communication, both guilt and blame results in heightened risk aversion and this aversion is primarily driven by guilt. Under time-pressured situations, it was also found to enhance the effects of guilt and blame aversion in the form of raising the saliency thereby amplifying the effects than in the manner of masking them. |
| first_indexed | 2024-10-01T05:35:05Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/69931 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:35:05Z |
| publishDate | 2017 |
| record_format | dspace |
| spelling | ntu-10356/699312019-12-10T13:32:18Z Guilty group decisions! Risk preferences under time pressure Cheo, Rui Ming Neo, Van Myran Wei Ren Teo, Yu Liang Yan Jubo School of Humanities and Social Sciences DRNTU::Social sciences::Economic theory Literature findings on individual risk preference in social settings appear mixed. Following the notion of higher individual risk aversion in group decisions from ex ante guilt and blame, investigations were carried out to determine the mechanism behind this heighten risk aversion. The combined impacts of time pressure were further included to extend findings on ex ante guilt and blame. A between-subject experimental design based on Multiple Price Listing was used to elicit for risk preferences with risk estimation via CRRA utility models. In the absence of communication, both guilt and blame results in heightened risk aversion and this aversion is primarily driven by guilt. Under time-pressured situations, it was also found to enhance the effects of guilt and blame aversion in the form of raising the saliency thereby amplifying the effects than in the manner of masking them. Bachelor of Arts 2017-04-04T02:43:21Z 2017-04-04T02:43:21Z 2017 Final Year Project (FYP) http://hdl.handle.net/10356/69931 en Nanyang Technological University 60 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic theory Cheo, Rui Ming Neo, Van Myran Wei Ren Teo, Yu Liang Guilty group decisions! Risk preferences under time pressure |
| title | Guilty group decisions! Risk preferences under time pressure |
| title_full | Guilty group decisions! Risk preferences under time pressure |
| title_fullStr | Guilty group decisions! Risk preferences under time pressure |
| title_full_unstemmed | Guilty group decisions! Risk preferences under time pressure |
| title_short | Guilty group decisions! Risk preferences under time pressure |
| title_sort | guilty group decisions risk preferences under time pressure |
| topic | DRNTU::Social sciences::Economic theory |
| url | http://hdl.handle.net/10356/69931 |
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