The influence of social comparison and peer group size on risky decision making
This study explores the influence of different social reference points and different comparison group sizes on risky decision-making. Participants were presented with a scenario describing an exam, and presented with the opportunity of making a risky decision in the context of different information...
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Frontiers Media S.A.
2016-08-01
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doaj-4e14a37f511f41edbbfe16ef518049d02020-11-25T01:09:41ZengFrontiers Media S.A.Frontiers in Psychology1664-10782016-08-01710.3389/fpsyg.2016.01232177663The influence of social comparison and peer group size on risky decision makingDawei Wang0Liping Zhu1Phil Maguire2Yixin Liu3Kaiyuan Pang4Zhenying Li5Yixin Hu6Shandong Normal UniversityShandong Normal UniversityNational University of Ireland, MaynoothShandong Normal UniversityUniversity of PittsburghShandong Normal UniversityShandong Normal UniversityThis study explores the influence of different social reference points and different comparison group sizes on risky decision-making. Participants were presented with a scenario describing an exam, and presented with the opportunity of making a risky decision in the context of different information provided about the performance of their peers. We found that behavior was influenced, not only by comparison with peers, but also by the size of the comparison group. Specifically, the larger the reference group, the more polarized the behavior it prompted. In situations describing social loss, participants were led to make riskier decisions after comparing themselves against larger groups, while in situations describing social gain, they become more risk averse. These results indicate that decision making is influenced both by social comparison and the number of people making up the social reference group.http://journal.frontiersin.org/Journal/10.3389/fpsyg.2016.01232/fullrisky decision makingsocial comparisonSocial reference pointsSocial framingPeer group influence |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Dawei Wang Liping Zhu Phil Maguire Yixin Liu Kaiyuan Pang Zhenying Li Yixin Hu |
spellingShingle |
Dawei Wang Liping Zhu Phil Maguire Yixin Liu Kaiyuan Pang Zhenying Li Yixin Hu The influence of social comparison and peer group size on risky decision making Frontiers in Psychology risky decision making social comparison Social reference points Social framing Peer group influence |
author_facet |
Dawei Wang Liping Zhu Phil Maguire Yixin Liu Kaiyuan Pang Zhenying Li Yixin Hu |
author_sort |
Dawei Wang |
title |
The influence of social comparison and peer group size on risky decision making |
title_short |
The influence of social comparison and peer group size on risky decision making |
title_full |
The influence of social comparison and peer group size on risky decision making |
title_fullStr |
The influence of social comparison and peer group size on risky decision making |
title_full_unstemmed |
The influence of social comparison and peer group size on risky decision making |
title_sort |
influence of social comparison and peer group size on risky decision making |
publisher |
Frontiers Media S.A. |
series |
Frontiers in Psychology |
issn |
1664-1078 |
publishDate |
2016-08-01 |
description |
This study explores the influence of different social reference points and different comparison group sizes on risky decision-making. Participants were presented with a scenario describing an exam, and presented with the opportunity of making a risky decision in the context of different information provided about the performance of their peers. We found that behavior was influenced, not only by comparison with peers, but also by the size of the comparison group. Specifically, the larger the reference group, the more polarized the behavior it prompted. In situations describing social loss, participants were led to make riskier decisions after comparing themselves against larger groups, while in situations describing social gain, they become more risk averse. These results indicate that decision making is influenced both by social comparison and the number of people making up the social reference group. |
topic |
risky decision making social comparison Social reference points Social framing Peer group influence |
url |
http://journal.frontiersin.org/Journal/10.3389/fpsyg.2016.01232/full |
work_keys_str_mv |
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