Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility

We tested the hypothesis that a sense of responsibility drives group representatives' decisions to be more risk averse compared with decisions made by individuals. The hypothesis was supported when the monetary considerations (i.e., payoff inequality and the magnitude effect) were controlled fo...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of behavioral decision making 2018-07, Vol.31 (3), p.311-323
Hauptverfasser:	Wang, Zuo‐Jun, Kuang, Yi, Tang, Hui‐Yi, Gao, Cong, Chen, Ai, Chan, Kai Qin
Format:	Artikel
Sprache:	eng
Schlagworte:	Blame Decision making group representative decision Guilt Hypotheses Inequality others‐concern motivation Risk risk aversion sense of responsibility
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

container_end_page	323
container_issue	3
container_start_page	311
container_title	Journal of behavioral decision making
container_volume	31
creator	Wang, Zuo‐Jun Kuang, Yi Tang, Hui‐Yi Gao, Cong Chen, Ai Chan, Kai Qin
description	We tested the hypothesis that a sense of responsibility drives group representatives' decisions to be more risk averse compared with decisions made by individuals. The hypothesis was supported when the monetary considerations (i.e., payoff inequality and the magnitude effect) were controlled for in the potential gain domain as well as in the potential loss domain. Evidence showed that this is because the group representatives were concerned about how they would view themselves (e.g., guilt and self‐blame) and also how they would be viewed by others (i.e., to avoid being blamed and looked down upon by others). This study provided new insights into understanding group representatives' decision making under risk. Copyright © 2017 John Wiley & Sons, Ltd.
doi_str_mv	10.1002/bdm.2057
format	Article
fullrecord	<record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2057166097</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2057166097</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3927-6c81c71e7417871fa5b2113487cb4076aafe19b4f3be896cd1b49f9cf49b98a43</originalsourceid><addsrcrecordid>eNp1kMFKAzEQhoMoWKvgIwS8eNma7KabzUlqW6vQItR6XpJ0gqntZk12K_v2pq1XTzPwf_MPfAjdUjKghKQPar0bpGTIz1CPEiESwjk9Rz1SCJZk6ZBfoqsQNoTELCM9pEce8AS0DdZVAS_kGrDq8My7tsZLqD0EqBrZ2D3E1EV4acMXHu3BB3jEq0_AU2NAN9gZ_A5VgMOyhFDHOqvs1jbdNbowchvg5m_20cfzdDV-SeZvs9fxaJ7oTKQ8yXVBNafAGeUFp0YOVUppxgquFSM8l9IAFYqZTEEhcr2migkjtGFCiUKyrI_uTr21d98thKbcuNZX8WV5MELznAgeqfsTpb0LwYMpa2930nclJeVBYRkVHg8impzQH7uF7l-ufJosjvwvHRtxZg</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2057166097</pqid></control><display><type>article</type><title>Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility</title><source>EBSCOhost Business Source Complete</source><source>Access via Wiley Online Library</source><creator>Wang, Zuo‐Jun ; Kuang, Yi ; Tang, Hui‐Yi ; Gao, Cong ; Chen, Ai ; Chan, Kai Qin</creator><creatorcontrib>Wang, Zuo‐Jun ; Kuang, Yi ; Tang, Hui‐Yi ; Gao, Cong ; Chen, Ai ; Chan, Kai Qin</creatorcontrib><description>We tested the hypothesis that a sense of responsibility drives group representatives' decisions to be more risk averse compared with decisions made by individuals. The hypothesis was supported when the monetary considerations (i.e., payoff inequality and the magnitude effect) were controlled for in the potential gain domain as well as in the potential loss domain. Evidence showed that this is because the group representatives were concerned about how they would view themselves (e.g., guilt and self‐blame) and also how they would be viewed by others (i.e., to avoid being blamed and looked down upon by others). This study provided new insights into understanding group representatives' decision making under risk. Copyright © 2017 John Wiley & Sons, Ltd.</description><identifier>ISSN: 0894-3257</identifier><identifier>EISSN: 1099-0771</identifier><identifier>DOI: 10.1002/bdm.2057</identifier><language>eng</language><publisher>Chichester: Wiley Periodicals Inc</publisher><subject>Blame ; Decision making ; group representative decision ; Guilt ; Hypotheses ; Inequality ; others‐concern motivation ; Risk ; risk aversion ; sense of responsibility</subject><ispartof>Journal of behavioral decision making, 2018-07, Vol.31 (3), p.311-323</ispartof><rights>Copyright © 2017 John Wiley & Sons, Ltd.</rights><rights>Copyright © 2018 John Wiley & Sons, Ltd.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3927-6c81c71e7417871fa5b2113487cb4076aafe19b4f3be896cd1b49f9cf49b98a43</citedby><cites>FETCH-LOGICAL-c3927-6c81c71e7417871fa5b2113487cb4076aafe19b4f3be896cd1b49f9cf49b98a43</cites><orcidid>0000-0002-4785-1051</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1002%2Fbdm.2057$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1002%2Fbdm.2057$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>315,781,785,1418,27926,27927,45576,45577</link.rule.ids></links><search><creatorcontrib>Wang, Zuo‐Jun</creatorcontrib><creatorcontrib>Kuang, Yi</creatorcontrib><creatorcontrib>Tang, Hui‐Yi</creatorcontrib><creatorcontrib>Gao, Cong</creatorcontrib><creatorcontrib>Chen, Ai</creatorcontrib><creatorcontrib>Chan, Kai Qin</creatorcontrib><title>Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility</title><title>Journal of behavioral decision making</title><description>We tested the hypothesis that a sense of responsibility drives group representatives' decisions to be more risk averse compared with decisions made by individuals. The hypothesis was supported when the monetary considerations (i.e., payoff inequality and the magnitude effect) were controlled for in the potential gain domain as well as in the potential loss domain. Evidence showed that this is because the group representatives were concerned about how they would view themselves (e.g., guilt and self‐blame) and also how they would be viewed by others (i.e., to avoid being blamed and looked down upon by others). This study provided new insights into understanding group representatives' decision making under risk. Copyright © 2017 John Wiley & Sons, Ltd.</description><subject>Blame</subject><subject>Decision making</subject><subject>group representative decision</subject><subject>Guilt</subject><subject>Hypotheses</subject><subject>Inequality</subject><subject>others‐concern motivation</subject><subject>Risk</subject><subject>risk aversion</subject><subject>sense of responsibility</subject><issn>0894-3257</issn><issn>1099-0771</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><recordid>eNp1kMFKAzEQhoMoWKvgIwS8eNma7KabzUlqW6vQItR6XpJ0gqntZk12K_v2pq1XTzPwf_MPfAjdUjKghKQPar0bpGTIz1CPEiESwjk9Rz1SCJZk6ZBfoqsQNoTELCM9pEce8AS0DdZVAS_kGrDq8My7tsZLqD0EqBrZ2D3E1EV4acMXHu3BB3jEq0_AU2NAN9gZ_A5VgMOyhFDHOqvs1jbdNbowchvg5m_20cfzdDV-SeZvs9fxaJ7oTKQ8yXVBNafAGeUFp0YOVUppxgquFSM8l9IAFYqZTEEhcr2migkjtGFCiUKyrI_uTr21d98thKbcuNZX8WV5MELznAgeqfsTpb0LwYMpa2930nclJeVBYRkVHg8impzQH7uF7l-ufJosjvwvHRtxZg</recordid><startdate>201807</startdate><enddate>201807</enddate><creator>Wang, Zuo‐Jun</creator><creator>Kuang, Yi</creator><creator>Tang, Hui‐Yi</creator><creator>Gao, Cong</creator><creator>Chen, Ai</creator><creator>Chan, Kai Qin</creator><general>Wiley Periodicals Inc</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7QG</scope><scope>7TK</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-4785-1051</orcidid></search><sort><creationdate>201807</creationdate><title>Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility</title><author>Wang, Zuo‐Jun ; Kuang, Yi ; Tang, Hui‐Yi ; Gao, Cong ; Chen, Ai ; Chan, Kai Qin</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3927-6c81c71e7417871fa5b2113487cb4076aafe19b4f3be896cd1b49f9cf49b98a43</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Blame</topic><topic>Decision making</topic><topic>group representative decision</topic><topic>Guilt</topic><topic>Hypotheses</topic><topic>Inequality</topic><topic>others‐concern motivation</topic><topic>Risk</topic><topic>risk aversion</topic><topic>sense of responsibility</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wang, Zuo‐Jun</creatorcontrib><creatorcontrib>Kuang, Yi</creatorcontrib><creatorcontrib>Tang, Hui‐Yi</creatorcontrib><creatorcontrib>Gao, Cong</creatorcontrib><creatorcontrib>Chen, Ai</creatorcontrib><creatorcontrib>Chan, Kai Qin</creatorcontrib><collection>CrossRef</collection><collection>Animal Behavior Abstracts</collection><collection>Neurosciences Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of behavioral decision making</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Zuo‐Jun</au><au>Kuang, Yi</au><au>Tang, Hui‐Yi</au><au>Gao, Cong</au><au>Chen, Ai</au><au>Chan, Kai Qin</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility</atitle><jtitle>Journal of behavioral decision making</jtitle><date>2018-07</date><risdate>2018</risdate><volume>31</volume><issue>3</issue><spage>311</spage><epage>323</epage><pages>311-323</pages><issn>0894-3257</issn><eissn>1099-0771</eissn><abstract>We tested the hypothesis that a sense of responsibility drives group representatives' decisions to be more risk averse compared with decisions made by individuals. The hypothesis was supported when the monetary considerations (i.e., payoff inequality and the magnitude effect) were controlled for in the potential gain domain as well as in the potential loss domain. Evidence showed that this is because the group representatives were concerned about how they would view themselves (e.g., guilt and self‐blame) and also how they would be viewed by others (i.e., to avoid being blamed and looked down upon by others). This study provided new insights into understanding group representatives' decision making under risk. Copyright © 2017 John Wiley & Sons, Ltd.</abstract><cop>Chichester</cop><pub>Wiley Periodicals Inc</pub><doi>10.1002/bdm.2057</doi><tpages>13</tpages><orcidid>https://orcid.org/0000-0002-4785-1051</orcidid></addata></record>
fulltext	fulltext
identifier	ISSN: 0894-3257
ispartof	Journal of behavioral decision making, 2018-07, Vol.31 (3), p.311-323
issn	0894-3257 1099-0771
language	eng
recordid	cdi_proquest_journals_2057166097
source	EBSCOhost Business Source Complete; Access via Wiley Online Library
subjects	Blame Decision making group representative decision Guilt Hypotheses Inequality others‐concern motivation Risk risk aversion sense of responsibility
title	Are Decisions Made by Group Representatives More Risk Averse? The Effect of Sense of Responsibility
url	https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-18T08%3A32%3A29IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Are%20Decisions%20Made%20by%20Group%20Representatives%20More%20Risk%20Averse?%20The%20Effect%20of%20Sense%20of%20Responsibility&rft.jtitle=Journal%20of%20behavioral%20decision%20making&rft.au=Wang,%20Zuo%E2%80%90Jun&rft.date=2018-07&rft.volume=31&rft.issue=3&rft.spage=311&rft.epage=323&rft.pages=311-323&rft.issn=0894-3257&rft.eissn=1099-0771&rft_id=info:doi/10.1002/bdm.2057&rft_dat=%3Cproquest_cross%3E2057166097%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2057166097&rft_id=info:pmid/&rfr_iscdi=true