Components of group risk taking

Teger, Allan I.; Pruitt, Dean G.

doi:10.1037/e515402009-001

Cited by 21 publications

(23 citation statements)

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“…Averaging across problems, he computed for each subject an average risk and an average confidence score and found the two unrelated. Similar tests were conducted later by Teger and Pruitt (1967) and by Bell and Jamieson (1970) with the same negative results. Subjects' average riskiness was found to be uncorrelated with their average confidence.…”

supporting

confidence: 67%

“…To demonstrate that, if analyzed in the same way, our data could provide comparable results to those of Teger and Pruitt (1967) and Bell and Jamieson (1970), we computed for each subject a mean risk score and a mean confidence score averaging across the twelve problems. The Pearson correlation between the confidence and risk levels of the 42 Ss was r = .lo.…”

Section: Resultsmentioning

confidence: 99%

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The relationship between riskiness and confidence in choice dilemma decisions

Stroebe

Fraser

1971

Euro J Social Psych

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The relationship between riskiness of decisions and confidence in decisions was examined using Choice Dilemma items. Graphs o n e of the best known and most frequently replicated findings of social psychology for nearly a decade has been that group discussion of the Wallach and Kogan (1959) Choice Dilemma problems induces group members to shift from their initial positions to positions of greater riskiness. Less well-known has been the finding of a consistent group induced 'cautious shift' on two of the 12 Choice Dilemma problems, and on certain items devised by subsequent investigators (e.g. NordhGy, 1962;Stoner, 1968). A closer inspection of subjects' responses to those 'cautious' items indicates that the items differ not only in the effects of group discussions. Subjects' initial decisions on such items are also generally less risky than initial decisions on the other 10 items of the Kogan and Wallach Choice Dilemma questionnaire.The finding that initial decisions on 'cautious' items are less risky than initial decisions on 'risky' items fits very nicely with recent findings by Moscovici and Zavalloni (1969) and Doise (1969). Moscovici and his colleagues measured their subjects' agreement or disagreement with statements of attitudes on several issues.

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supporting

confidence: 67%

Section: Resultsmentioning

confidence: 99%

The relationship between riskiness and confidence in choice dilemma decisions

Stroebe

Fraser

1971

Euro J Social Psych

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“…However, they are arrived at, initial decisions are good predictors of the shifts that follow discussion. Teger and Pruitt (1967), Pruitt and Teger (1967) and Stoner (1968) all reported high negative correlations between mean initial score per item and mean risky shift per item, i.e. the riskier the initial scores on an item the greater the subsequent shifts to risk.…”

Section: Initial Individual Decisionsmentioning

confidence: 99%

Group risk‐taking and group polarization

Fraser

1971

Euro J Social Psych

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“…Under both conditions, only the heterogeneous group gave shifts significantly greater than zero. Teger and Pruitt (1967) repeating a study of Kogan and Wallach's, also made a comparison between information exchange and discussion conditions. In the former condition, subjects just gave each other information about their preferred risk level; in the latter, the issues were discussed at some length.…”

Section: C) Conclusionmentioning

confidence: 99%

“…and that this initial agreement determines the magnitude of their final shift. Pruitt and Teger (1967) compared the initial level with the amount of risky shift across the items in a number of studies. They found that items with riskier initial means tend to be correlated with larger risky shifts and items with relatively cautious initial means tend to be correlated with larger cautious shifts.…”

Section: From Risky Shift To Group Polarization: Two Problems In Onementioning

confidence: 99%

Studies in group decision I: Social space, patterns of communication and group concensus

Moscovici

Lécuyer

1972

Euro J Social Psych

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The discovery o f the effects of risky shift focusses the interest on the study of decision processes. Nevertheless the researches carried on until now have always shown confusion between the theoretical and experimental analysis of these processes and the risk-related behavior. In the first part of the article the authors try to clear this confusion as well as to define the conditions o f a systematic study of the mechanisms o f decision leading either to an averaging or to a polarization of individual views. The authors insist on the necessity to compare groups rather than individuals to groups. To start with, one hypothesis concerning the effects of group organization on the degree o f polarization of views is proposed. The experiment described in the second part o f the article confirms the hypothesis:A group in which individuals have the possibility to communicate with each other and to interact directly take more extreme decisions than a group deprived o f this possibility. It is presumptuous and inexact to state that groups take more extreme risk than individuals whereas it is right to say that certain groups take risks when circumstances are favorable.

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Components of group risk taking

Cited by 21 publications

References 0 publications

The relationship between riskiness and confidence in choice dilemma decisions

The relationship between riskiness and confidence in choice dilemma decisions

Group risk‐taking and group polarization

Studies in group decision I: Social space, patterns of communication and group concensus

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