Observing others' behavior and risk taking in decisions from experience

This paper examines how observing other people's behavior affects risk taking in repeated decision tasks. In Study 1, 100 participants performed experience-based decision tasks either alone or in pairs, with the two members being exposed to each others' choices and outcomes. The tasks invo...

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Bibliographic Details
Main Authors: Eldad Yechiam, Meir Druyan, Eyal Ert
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2008-10-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/8530/jdm8530.pdf