Individual And Group Decisions Involving Risk

Cover Individual And Group Decisions Involving Risk
Individual And Group Decisions Involving Risk
Donald G Donald George Marquis
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Hinds (1962) had previously demonstrated that individuals do indeed consider that "200 others like you" would take a less risky position. In group discussion such individuals would learn that it is not true, and could shift in the risky direction to maintain their position relative to others. The above hypotheses were formulated and tested on the assumption that groups are always more risky than individuals. But this has now been shown to be false. Nordh^y (1962) first demonstrated the existenc...e of a shift in the op- posite, or cautious, direction after group discussion for some questions. Fol- lowing is an example of a case problem on which a consistently cautious shift occurs: A man is about to board a plane for an overseas trip to which he has been looking forward for some time. He awoke that morning with se- vere abdominal pains about which he is troubled but thinks may be due to nervousness since he has never flown before. He is not far from a hospital, but if he goes there he will miss his plane and this will seriously disrupt his vacation plans.

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