People who tend to make more risky decisions as individuals will make even riskier decisions in a group.What term refers to this phenomenon?

Question

Quizplus · Accepted Answer

The phenomenon described in the question is known as "risky shift", which refers to the tendency of a group to make riskier decisions than any individual would on their own. Group members can become more confident and more willing to take risks when they are in the company of others, leading to a phenomenon known as "group polarization." This phenomenon has been observed in a variety of contexts, from financial decision-making to politics, and it can have both positive and negative effects on group outcomes.

People Who Tend to Make More Risky Decisions as Individuals