The expected payoffs for the risky alternatives in a standard shift-to-risk experiment were investigated rather than controlled. As predicted, a significant shift to reward was found. The group expectations of the risky payoffs were higher than the means of the individual expectations. The shift to reward was significantly, but lowly, correlated with a cotemporaneous shift to risk. Implications of the shift to reward are discussed.
Get full access to this article
View all access options for this article.
References
1.
BrownR.Social psychology. New York: Free Press, 1965.
2.
KoganN.WallachM. A.Risk taking as a function of the situation, the person, and the group. In New directions in psychology III. New York: Holt, Rinehart, & Winston, 1967. Pp. 111–278.
3.
ParsonsT.The social system. New York: Free Press, 1950.
4.
StonerJ. A. F.A comparison of individual and group decisions involving risk. Unpublished Master's thesis, Massachusetts Institute of Technology, School of Industrial Management, 1961.
5.
WallachM. A.KoganN.BemD. J.Diffusion of responsibility and level of risk taking in groups. J. abnorm, soc. Psychol., 1964, 68, 263–274.
6.
WhyteW. H.Jr.The organizational man. New York: Simon & Schuster, 1956.
